Word: rushdi
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Dates: during 2000-2009
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...investors' money. "Islamic banking is still a virgin territory," notes Rumman Faruqi, ceo of the London-based Institute of Islamic Banking and Insurance. "We have a lot of catching up to do." But the sector remains upbeat. "We are seeing more risk-taking innovations in Islamic asset management," says Rushdi Siddiqui, director of Dow Jones' Islamic Market Indexes, which lists about 1,400 Shari'a-compliant stocks in its global-equity index. "Islamic banks and investors have become more sophisticated and will demand more complex investment vehicles," Hassoune predicts. And as long as there are believers like Uddin, the future...