Forget all the polls on Muslims who claim they want shariah
Because here is the bottom line. From the Financial Times:
Two Dubai institutions are teaming up to launch Waqf Trust Services, the first firm exclusively to offer Shariah-compliant trust services.So how many Muslims are really willing to put their money where their mouths are even if this means that they might have to choose the Islamic over the profitable?
The Dubai International Financial Centre’s investment arm and Dubai Islamic Bank have joined forces to meet demand in the region for financial succession planning and other trust-related services that follow Islamic guidelines.
According to Standard & Poor's only about 20 per cent of investors in the Gulf and Muslim Asia would be willing to do this.
I suspect these numbers are high. If these figures were correct, why hasn't this type of vehicle been offered before?
