A co-author of a 2010 report that ranked Ireland highest on an index of countries most faithful to Islamic economic teachings says the country is likely to fall down the next ranking because of the Irish economic crisis.

Hossein Askari, a business professor at George Washington University in Washington DC, said that the May 2010 study he carried out with Prof Scheherazde Rehman was based on Irish data when the economy was performing strongly, two years before the country entered an international bailout programme.

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