Germany: Bank Offers ‘Islam-Compliant’ Investment

Germany: Bank Offers ‘Islam-Compliant’ Investment

Via the Weekly Standard:
Last month, German bank WestLB rolled out a new “Islam-compliant” investment product named the Islamic Strategy Index Certificate. The value of the certificate is based on the value of the WestLB Islamic Deutschland Index, consisting of shares of ten German firms “whose business activities are consistent with the ethical rules of Islam.”

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