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The Conversation: Explainer: How does Islamic finance work?


At the World Islamic Economic Forum in London, David Cameron has announced the UK is to become the first non-Muslim country to issue Shariah-compliant bonds and that a special Islamic index will be created on the London Stock Exchange. Kamal Munir, Associate Professor of Strategy and Policy at Cambridge Judge Business School, explains what sets Islamic finance apart from western models of banking and finance.

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