| | THE COLLAPSE Of THE SOUK (Site not responding. Last check: ) |
 | | Souk traders, assuming an implicit government guarantee against losses, engaged in wild trading in the shares of companies which, for the most part, were empty shells with neither customers nor products. |
 | | Most of these companies had been established as recently as 1979 or 1980; many had the bulk of their assets in other Souk companies; indeed, some were organized to trade entirely in other Souk offerings, yet profits at the Souk soom dwarfed the opportunities available on the official exchange. |
 | | Original Souk trades had been conducted by a small group of billionaires, the "Magnificent Nine" who knew and trusted each orhter, despite the doubful legality of their operation. |
| islamic-finance.net /islamic-ethics/article-13/article13-2.html (1240 words) |