If Islamic finance is ever to be anything more than a poor relation of the conventional credit markets, those responsible for guiding the sector need to learn to adapt. The indecision and disputes that can delay deals at the moment will only get worse as issuers look to push into more innovative areas.
Scholars that stand in the way of progress may well find themselves sidelined. It is often argued that Muslim countries have a natural inclination to move towards a model in which Shariah-compliant finance dominates………………………………………..Full Article: Source