[lbo-talk] finance capital & shari'ah

Doug Henwood dhenwood at panix.com
Thu Jun 23 08:57:20 PDT 2005


Jim Devine wrote:


>there are no bonds in the index, since interest is verboten?

It's a stock index, so there wouldn't be any bonds in it. Curiously it has a lot in common with some "socially responsible" indexes - this is from the full press release:


>Stocks that are excluded from the Islamic index are those of
>companies that deal in alcohol and tobacco products, pork-related
>products, financial services, the defense and weaponry sector, and
>entertainment.

Sut Jhally would be pleased at the last!

Doug



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