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

Islamic finance body plans scholar accreditation, ethics code

Posted on 16 August 2012

Aznan HasanA fledgling industry body of Islamic scholars wants to develop a global code of ethics and a professional development programme for scholars, in order to improve standards in the industry, its president told Reuters.
The plan takes aim at a weakness in Islamic finance which is slowing the industry’s growth. Boards of scholars at financial institutions rule on whether instruments and activities obey religious principles, but there is no single, commonly recognised set of qualifications for the scholars………………………………………..Full Article: Source

 
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