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Sharia Finance Class at MIT

Posted by rightwinger on December 11, 2008

Sharia finance class being taught at MIT.  This is just the beginning of Islam taking over this great nation.  Americans need to wake up before its too late!

“Sharia Finance In The Classroom” — a course announcement from the MIT Sloan School of Management, posted by Pamela at Atlas Shrugs:

Title Spec Sem in Mgmt: Practice of Finance: Islamic Finance Islamic financial institutions have in recent years experienced spectacular growth (+25% in 2006, +37% in 2007). Islamic financial assets now exceed 1 trillion dollars and what was once a small niche has gone mainstream. Indeed, most major Western financial institutions are involved in one way or another in Islamic finance. The first part of the course introduces the basic principles underlying the industry (the prohibitions of riba, gharar, etc.) and discusses its recent evolution. The second part focuses on the main Islamic products: murabaha, mudaraba, musharaka, ijara, sukuk, takaful, etc. and explains how Islamic deals are structured. The third part discusses the challenges – competitive, regulatory, political, religious, etc. – faced by Islamic institutions and considers the impact of the current financial meltdown on their future evolution.
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One Response to “Sharia Finance Class at MIT”

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