From Reuters: Sharia-compliant financial products need a clearer legal framework to attract non-Islamic investors, after the Dubai World debt crisis battered perceptions of limited and prudently-managed risk, said one legal expert.

The crisis, sparked when Dubai’s Nakheel asked for three listed Islamic bonds worth $5.25 billion to be suspended pending restructuring, was made worse because it was not clear who the legally competent authorities were, said Sonya van de Graaff, a partner at law firm Brown Rudnick…………………………………Full Article: Source