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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory more

FNB shariah banking credentials questioned as board quits

Posted on 11 July 2012

FNB’s Islamic Finance unit has suffered a setback after its sharia board quit, bringing the unit’s sharia compliance credentials into question.
The dispute between FNB and the sharia board overseeing its Islamic Finance unit has highlighted some of the difficulties of trying to accommodate two inherently different systems of banking in one financial institution………………………………………..Full Article: Source

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