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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory more

Al-Azhar scholars submit sukuk law objections to Shura Council

Posted on 26 April 2013

Al-Azhar’s Council of Senior Scholars submitted its objections to the new sukuk law to the Economic Committee at the Shura Council, Tuesday.Abdel Halim Al-Gamal, deputy head of the Economic Committee at the Shura Council, said that the objections were “welcomed unanimously” by the Committee.
He said that the Council objected to articles 1, 2, 3 4, 9, 11, 20, 22 and 30.“The scholars objected to issuing sukuk for religious endowments because they violate Sharia Law,” said Al-Gamal………………………………………..Full Article: Source

 
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