Odd Lots: Why a Natural Gas Company Is Shaking a Islamic Finance World

 

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Every week, hosts Joe Weisenthal and Tracy Alloway take we on a not-so-random travel by prohibited topics in markets, financial and economics.

Earlier this month, Dana Gas, a UAE-based company, rocked a universe of Islamic financial by announcing that one of a Shariah-compliant holds was, well, no longer Shariah-compliant. The pierce sent shivers down a spine of a Islamic financial industry, now estimated to be value some $2 trillion in assets.

On this week’s part of a Odd Lots podcast, we pronounce to maestro Dubai-based publisher and columnist Frank Kane about a arise of Islamic financial — what it is, how it works and why it’s grown so quick — and because a Dana Gas proclamation is such a large deal.

 

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