Questions about Islamic finance, even from those in government regulatory business, turn up little accurate understanding. The common perception is that the U.S. is anti-Islamic finance, anti-Muslim, anti-Arab said Islam Salah, head of the Islamic finance practice at the New York law firm King & Spalding. Among practices in Islamic finance, is the fundamental concern for Sharia law stating that Muslims naught to purchase assets that pay interest, or earn profits from industries related to alcohol, gambling, or pork processing, among others. While Islamic finance is still relatively understood and not widely adopted in the US, several US corporations such as Freddie Mac have long incorporated Islamic financial practices in some of their business activities.
