IslamicFinance.de

Mr James Caan talks about expanding his investment advisory firm into the UAE and why he left the TV show.
He states that as a result of the credit crisis, the general appetite for Sharia-compliant investments is a growing market. They want to place their capital in an environment that submits to their religious requirement.
He thinks that a credit crisis could have been avoided. He adds that short-selling is one of the biggest factors for turmoil in markets. Giving people mortgages at interest rates that are deteriorated is a fundamental principle that Sharia law doesn't accept.

UK entrepreneur James Caan has the strong oppinion that the global financial crisis could have been avoided if banks had submitted the Islamic rules that forbid investment in collateralised debt obligations and other toxic assets.
Sharia-compliant banks advanced better than conventional lenders during the downturn, thanks to rules that forbid speculation. Banks are also discouraged from repackaging debts, as financial instruments generally have to sell for face value.