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“The history of Shariah compliancy in finance is littered with bad stories. Up until fairly recently, a lot of initiatives were done to win business, or to tap into unaware investors and play on their feelings of trying to be good Muslims” |
Muslims that want to make Shariah-compliant investments have had few opportunities to put their money with hedge funds. Hedge funds will go short, invest in debt and invest in sectors that are not Shariah-compliant, such as gambling.
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