First Sharia-Compliant Exchange-Traded Fund Available Soon in Canada

Islamic financial services company UM Financial Inc. and Jovian Capital Corp. hope to list Canada´s first sharia-compliant exchange-traded fund (EFT) in the next week. In compliance with Islamic law, the index avoids firms involved in financial services alcohol, gambling and pork products. It would target Canada´s growing Muslim population (approximately one million) as well as…

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International Financial Centres Battle for Islamic Markets

International investment services compliant with Islamic financial law are competing for a slice of the oil revenue in the Middle East. With the price of crude oil almost doubling in the last year, countries with large Muslim populations and connections – including Singapore, Hong Kong, London, Birmingham and Paris – are vying to act as…

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International Financial Centres Battle for Islamic Markets

International investment services compliant with Islamic financial law are competing for a slice of the oil revenue in the Middle East. With the price of crude oil almost doubling in the last year, countries with large Muslim populations and connections – including Singapore, Hong Kong, London, Birmingham and Paris – are vying to act as…

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Headscarves In The Headlines

France is not the only country where headscarves have proved contentious. A number of countries already ban the garment from schools and other public buildings, while elsewhere it is the failure of women to don a veil which prompts outrage. Singapore Singapore, keen to avoid racial and religious tensions between its ethnic Chinese majority and…

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    Headscarves In The Headlines

    France is not the only country where headscarves have proved contentious. A number of countries already ban the garment from schools and other public buildings, while elsewhere it is the failure of women to don a veil which prompts outrage. Singapore Singapore, keen to avoid racial and religious tensions between its ethnic Chinese majority and…

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