Islamic-Safe Finance Grows in the West

[UmmSqueakster 54]

I know the topics of finance/investing/loans/interest have come up here on the past. Here's something that some people may find interesting.

Also, Caribou Coffee is delicious. They rolled out their pumpkin spice stuff recently, and I'm dying to get some.

Islamic-Safe Finance Grows in the West

Thursday October 12, 4:43 pm ET

By Joshua Freed, AP Business Writer

AP Centerpiece: Western Businesses Look for Ways to Attract Muslim Investors

MINNEAPOLIS (AP) -- When Caribou Coffee went public last year, sharp-eyed investors noticed some unusual promises in its prospectus. Caribou, the nation's second-largest coffeehouse chain, said it would never sell pork or porn. It wouldn't charge or receive interest, either.

By following financial rules that are part of the Islamic code called Shariah, Caribou is among a small but growing list of Western businesses looking to make themselves as attractive as possible to Muslim investors. Some, like Caribou, are motivated by principle, while others see Muslim investors as an attractive new source of money.

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[amal 4]

what an interesting article! thanks