Goldman Sachs Group Inc’s $2 billion (Dh7.34 billion) Islamic debt debut is leading scholars to call for stricter supervision. Goldman said in an Oct-ober 18 prospectus that it would use proceeds for general corporate purposes and financing needs.
Non-Islamic banks need to make investment plans clearer, while approvers need to supervise more rigorously, Rusni Hassan and Mohammad Akram Laldin, who sit on the Malaysian central bank’s Sharia Advisory Council, said in separate interviews………………………………………..Full Article: Source