You mean all of the recent puffery over "Islamic" financing could be nothing more than puffery?
Feb. 7 (Bloomberg) -- Sales of Islamic bonds have slowed because of religious doubts on the credentials of the debt, forcing bankers to search for structures more compliant with the beliefs of its followers, the Financial Times reported.
Criticism of the bonds has come from scholars including Sheikh Muhammad Taqi Usmani, head of the Accounting and Auditing Organization for Islamic Financial Institutions in Bahrain, the newspaper reported, citing Hussein Hassan, head of Islamic finance at Deutsche Bank AG.
PROTIP: Never trust a political advocacy group to give you sound financial advice. Otherwise, you might end up looking like this guy:
Where'd my 401(k) go?
(h/t jdm)
