THE LOCAL (SWEDEN): A Swedish pension fund that abides by Sharia laws has outperformed the Stockholm stock exchange since its launch in October.
The Sharia fund, a part of the Premium Pension Authority's (PPM) fund system, was conceived to give Muslims a chance to have their retirement money grow without being placed in stocks which earned money by charging interest.
As such, the fund doesn’t invest in financial stocks and has thus avoided many of the losses suffered by other investors during the recent financial crisis. >>> | December 5, 2008
The Dawning of a New Dark Age – Hardback & Paperback (Sweden: Bokus.com) >>>
