from Global Investing:

How socially responsible is your investing?

February 13, 2012

Is your investment ethically sound and socially responsible?

A new survey by consulting firm Mercer finds that only 9% of more than 5,000 investment strategies achieve the highest environmental, social and governance (ESG) ratings.

International investors fear anti-market regime in Egypt

By Reuters Staff
February 7, 2011
cairo bank

(People queue to make withdrawals outside Cairo Bank in downtown Cairo February 6, 2011/Amr Abdallah Dalsh)

Islamic finance in Gulf needs regulation boost

By Reuters Staff
November 10, 2010

karachi marketFrom Australia to South Africa, governments are scrambling to change the law to accommodate the $1 trillion Islamic finance industry, whose avoidance of toxic debt has looked increasingly attractive since the global crisis. But in the Gulf Arab region, birthplace of Islam and cradle of Islamic finance, governments have taken a more passive approach, which experts say is slowing the industry’s growth.

Islamic finance outsources scholars’ supervision to grow

By Reuters Staff
November 3, 2010

finance ammanBankers in Islamic finance are increasingly outsourcing sharia supervision due to a lack of scholars in the industry, but critics say this is making the sector even less transparent and slowing its development.

Mideast banks, funds seek to tap Muslim women’s wealth

By Reuters Staff
October 27, 2010

women banking (Photos: One of Dubai Islamic Bank’s women-only branches in Deira, October 26, 2010./Jumana El-Heloueh)

Emirati housewife Sarah Alzarouni brushed past a group of women clad in floor-length black robes, some with only their eyes showing, to enter through the frosted doors of one of Dubai Islamic Bank’s women-only branches. Clutching a Louis Vuitton bag to match her designer head scarf, Alzarouni greeted the female tellers and bank manager with three kisses on the cheek and sat down to do business.

Islamic finance relies on too few of its scholars

By Reuters Staff
October 6, 2010

saudi traderThe Islamic finance industry is not short of qualified sharia scholars to meet growing demand, but it relies too heavily on a handful of them, limiting growth potential and raising regulatory concerns, experts say.

Sharia boards face scrutiny amid financial crisis

By Reuters Staff
March 11, 2010
bank sharia

A teller at Bank Syariah Mandiri in Jakarta February 17, 2010/Supri

Sharia boards face increased scrutiny and criticism as high-profile corporate defaults and cautionary comments from respected scholars cast a harsh light on the fast growth of financial products touted as Islamic.

Indonesia’s sharia push may scare investors, moderates

September 18, 2009

indoensia-shariaRecent moves in Indonesia, including plans by one province to stone adulterers to death, have raised concerns about the reputation of the world’s most populous Muslin country as a beacon of moderate Islam.