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

Indonesia Shariah banking, Tarmac rules, EPA blocked: Compliance

Posted on 04 January 2011

From Bloomberg: Indonesia’s central bank is speeding up the approval process for new Islamic banking products by forming a 10-member joint committee with the nation’s board of Shariah scholars.
Under the existing system, products have to be first reviewed for compliance with Shariah law by the panel of scholars and then Bank Indonesia……………………………………….Full Article: Source

 
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