Counterterrorism Blog: Wall Street’s Collapse Enhances Influence of “Islamic Finance” Vehicles

One impact of the collapse of a number of major institutions on Wall Street this year (a trend which will continue into next year) will be to enhance the influence of “Islamic finance” (or “shariah finance”) vehicles which have arisen in the past five years. The prime mover of capital into these vehicles has been the high price of crude oil, which has moved hundreds of billions of dollars of capital towards the Islamic world.