The Wall Street Journal has article on the exploits of the late New York Attorney Arthur Kramer, who purchased large life insurance policies and then immediately sold the right to benefit from them to investors. Under normal circumstances, the government would have an interest in not allowing investors to benefit from the death of people they don’t particularly [...]
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Let me just say upfront this post is not really about the Islamic financial products that we are familiar with in the United States, where "Islamic Finance" products known in much of the world do not exist yet. The foundation for what passes for Islamic Finance are corporate created "Sharia'h Compliance Boards" that provide scholarly [...]
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