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23 Am. U. Int'l L. Rev. 647 (2007-2008)
Ethical Money: Financial Growth in the Muslim World

handle is hein.journals/amuilr23 and id is 657 raw text is: ETHICAL MONEY: FINANCIAL GROWTH IN THE MUSLIM WORLD BJORN SORENSON* IN TR O D U CTIO N ........................................................................... 647 I. MORALITY, CHALLENGES, AND DIALOGUE IN ISLAM IC FIN AN CE ............................................................ 648 A. FINANCE AND M ORALITY ................................................ 648 B. CHALLENGES TO THE GROWTH OF ISLAMIC FINANCE ...... 652 1. Creation of Shariah Products .................................... 652 2. Reaching Consumers ................................................. 655 C. DIALOGUE IN INTERNATIONAL LAW ................................ 657 C O N C LU SIO N ............................................................................... 659 INTRODUCTION Money is a moral issue, and ethical considerations pervade the Islamic financial services industry through Shariah law. Islamic finance and finance in the Muslim world is growing quickly, and conventional financial institutions will continue to accommodate demand for Shariah-compliant banking and investment services.' As the field of Islamic finance grows and globalizes, the relation between Shariah-compliant financial products and conventional financial products deserves more consideration as an area of law on the international stage. At the nexus of legal, financial, and religious * Bjorn Sorenson is a JD candidate at the Washington College of Law and Articles Editor on the American University International Law Review. He completed a B.A. from Western Michigan University in music and comparative religion and a Master of Theological Studies from Harvard Divinity School. After graduation, he plans to join the New York office of Skadden, Arps, Slate, Meagher & Flom. 1. JULIAN WALKER, ISLAMIC GROWTH MEANS CHALLENGES 1-2 (2005), available at www.shariahcap.com/news/images/Arab%20Financial%2OForum% 201slamic%20Growth%20Means%20Challenges%2ONovO5 .doc.

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