How Islamic financial markets are safe haven in conventional market crisis

Islamic law prohibits any forms of interest or gambling. Transactions that lack transparency are also banned

Islamic finance is enjoying a surge in popularity, with 14% annual growth in recent years. And the interest in sharia-compliant stocks and bonds is growing across the non-Muslim as well as Muslim world.

My recent research shows that there is good reason for this growth. In fact, Islamic markets were not rocked by the 2007-08 financial as much as conventional markets and can be considered a new safe haven for investors.

The popularity of Islamic financial instruments among Muslims is not surprising. Islamic law prohibits any forms of interest (riba) or gambling (qimar). Transactions