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May 2005, No. 214
Last Updated: 04/14/2005

Islamic Finance in the United States: A Small but Growing Industry

Shirley Chiu, Robin Newberger, Anna Paulson

This article provides an overview of the potential market for Islamic finance and some of the challenges providers face in serving this unique market. The authors explore the demand for and the availability of financial products for Muslims who adhere to religious prohibitions against receiving and paying interest.