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Regulations benefit Islamic institutions

Posted on 03 November 2011

Dubai Islamic finance institutions have more to gain from complying with regulations because their objectives are based on fairness and trust, panelists at a corporate governance conference said.
“There is bigger room for abuse in Islamic finance institutions because investment account holders don’t have board representation, no right in managerial decision-making… they trust you to tell them how much is earned at the end of the year,” said Dr. Assem Safi Al Deen, the Chair on Corporate Governance at the American University of Beirut………………………………………..Full Article: Source

 
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