Ofcom tested the programme and found that for one sequence during Cole's performance, lasting just over five and a half seconds in total, nearly four seconds of non-compliant material was found.

BBC: X Factor rapped by Ofcom over CD promotion

The point of this one, narrowly scripted example is not to analyze the liability exposure of the registration statement of the now defunct Dow Jones Islamic Portfolio Fund, but rather to illustrate how marketing an investment product as Shariah-compliant incorporates a whole set of factual predicates, many of which are material to the investment decision.

CENTERFORSECURITYPOLICY: Shariah��s Black Box