An interview with Dr Shariq Nisar, the architect of India’s Shariah Index

Dr Shariq Nisar is the architect of India’s Shariah Index teaches Islamic Banking and Finance at Aligarh Muslim University, BS Abdur Rahman University, Chennai, Al-Jamia Al Islamiya, Kerala and at many other institutes and Madarsas in the country.
Regarding the recent fall in the stock market and its correlation with Islamic indices the world, he states that their performance during financial crises is generally better due to the fact that scrips connected to interest-based activities are excluded from Islamic indices.
His oppinion about the future of the crisis is that a new set of countries may emerge which will replace the old developed world as the economic powerhouses of the world.

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