From Guardian: Sharia banks should be allowed to charge a fee for giving guarantees, a top religious scholar said on Wednesday, issuing an opinion on an issue that has so far divided the $1 trillion Islamic finance industry.
Mohd Daud Bakar — who advises the globally recognised Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) — said views on whether sharia banks can charge fees for guarantees are “changing with the times.”…. Full Article: Source