Tuesday, December 16, 2008

Uncle Shariah



"It turns out that AIG has a subsidiary specializing in "takaful" -- insurance products that are purportedly "Shariah-compliant." I say purportedly because -- while they have been cynically deemed "pure" (halal) by Shariah advisers that AIG employed for the purpose of making such certifications - the Islamic code expressly prohibits business transactions that involve risk."

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