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Islamic finance: Clarity on compliance

Posted on 05 March 2012

A small number of elite Shariah scholars ought to help bring consistency and standardization to Islamic finance around the world, but that’s a red herring.
Last month, word began to circulate that Abu Dhabi Islamic Bank’s (ADIB) Shariah advisory board had rejected a proposed sukuk programme from Goldman Sachs as inappropriate for Islamic investment.Lacking formal confirmation from either party, observers in the industry started trying to second-guess the outcome and reasoning by looking at who was on the Shariah board………………………………………..Full Article: Source

 
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