Islamic Finance and Investment in U.S. Expected to Grow

, New York Law Journal


Michael J.T. McMillen, a partner at Curtis, Mallet-Prevost, Colt & Mosle, discusses transactions conducted in accordance with those principles of the Shariah that are applicable to commerce and finance, the factors that have allowed for the growth of Islamic investment and three contractual arrangements - the murabaha, ijara and diminishing musharaka - that are at the core of modern Islamic finance and investment.

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