ANALYSIS
A new order
The Shariah hierarchy needs overhauling if Islamic banking and finance is to offer a genuine alternative to conventional finance, argues Dr Aly Khorshid
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FINANCE
Colour of money
Mufti Talha Ahmad Azami discusses the arguments for and against the restoration of the
gold standard

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SUKUK
Building for a solid future
Asset-based and asset-backed sukuk are contrasting instruments with different consequences in the event of default, as Mohammed Khnifer explains in his analysis of distressed high-profile sukuk
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PROPERTY
Seller-financed mortgages
Direct investment by the owner with little or no influence by an intermediary is the primary requirement for a seller-financing mortgage without interest, writes Liaquat Ali
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TRADE & INVESTMENT
Laying the foundation for growth
The GCC countries must confront a number of thorny issues if they are to emerge as leaaders in the new economic order. Investing in emerging economies is one way forward, writes Fehmy Saddy
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COUNTRY FOCUS: SRI LANKA
All hands on deck
In a bid to progress its Islamic finance offering, Sri Lanka has tidied up its taxation laws and addressed its infrastructure. Progress has been made but there is still much more work to do. Riyazi Farook reports
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VIEW POINT
Parting shot
Education will help ensure cohesion across the sector in all management tiers and at the Shariah level itself, writes David Williams
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BUSINESS SCOPE
• Nascent nature of Islamic funds limits   products, says report
• Specialist education addresses all   levels
• Perceived 9/11 terrorist link fades as   sector outlook viewed   'overwhelmingly positive'
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LAUNCHPAD
The latest products and services in the Islamic banking & finance industry
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