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‘Convergence in global shariah interpretation’

Posted on 04 March 2013

Differences seen in interpretation of syariah compliance among various Islamic finance markets are fast disappearing as there has been rapid inter-market convergence of respective interpretations on a global scale moving forward.
Stating this, the chief executive officer of Standard Chartered Saadiq Bhd (Saadiq) Wasim Saifi noted that there had been a lot of talk in the past about variance between Middle East interpretation of syariah compliance and the interpretation seen in Islamic finance institutions in Malaysia. “As I see it, in the last two or three years and particularly this year it has become important, and I think that the convergence is happening………………………………………..Full Article: Source

 
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