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Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Market Moves more

Scholar on more than 50 boards opposes limits: Islamic finance

Posted on 24 November 2010

From Bloomberg: Restricting the number of boards religious scholars are involved in would curb growth in the $1 trillion Islamic finance market, says a Bahraini scholar who advises Citigroup Inc. and HSBC Holdings Plc.
The Accounting & Auditing Organization for Islamic Financial Institutions, a Manama-based agency, said in August it’s considering guidelines on scholars owning shares in the institutions they serve and the number of advisory boards they can join, to reduce the risk of conflicts of interest……………………………………….Full Article: Source

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