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Islamic finance 2.0, regulation 1.0

Posted on 17 February 2010

From Kippreport.com: Trading in Shariah-compliant products is about to enter a new age. But as the controversy over the Nakheel sukuk illustrated, the industry is still mired by a lack of transparency. You wouldn’t expect someone like Dr. Hussein Hamid Hassan, who is known as the ‘father of Islamic finance’, to speak favorably about conventional banking practices.

As president of the world’s first Shariah consultancy firm, and the chairman or board member of countless banks and institutions, Hassan has made a living advising on Islamic finance, the $1 trillion sector that was, for a while at least, considered immune to the financial woes of the West…………………………………Full Article: Source

 
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