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Religion & Law

: Constitutionally Correct

Barclays Capital offers Islamic repos in $1 trillion market

By Alliance Alert

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San Francisco Chronicle: "Barclays Capital, the investment banking arm of London-based Barclays Plc, is offering Shariah-compliant repurchase agreements to allow Islamic banks and investors manage their funds. Barclays introduced the product worldwide two weeks ago and is focusing on clients in Malaysia and the Middle East, where the largest Islamic financial institutions are based, Harris Irfan, the bank's Dubai-based head of Islamic finance products, said in an interview."

Full post as published by Constitutionally Correct on August 31, 2010 (boomark / email).

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