AboutAlexander J. Hay Expertise questions on international investing for the nine institutional investor
Experience I am a U.S. attorney with offices in the United States and Belize. I have experience helping to protect assets, reduce taxes, and improve investment performance by utilizing global investment techniques.
Education/Credentials Harvard University, A.B. degree; University of Houston Law Center, J.D. Degree; Fulbright Scholar
Question I've noticed banks are offering Islamic instruments and services, is there any benefit to using these? what might be the disadvantages?
Thank you
Answer They are primarily structured to meet Koranic laws regarding money lending and investing. The only real advantage is that you can invest and bank without breaking any religious rules. Rather like eating Kosher if you are Jewish. Or Halal if you are Moslem.
