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Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Islamic Law / Economics more

Sharia boards should play strategic role

Posted on 26 April 2010

From Gulfnews.com: It is an extraordinary sight. A Sharia-compliant finance company is arguing in an English court that it should not have to make good on one of its financial obligations because the obligation was never Islamic.

Yet that is exactly what Kuwait’s The Investment Dar (TID) company is arguing as it tries to avoid paying Lebanon’s Blom Bank a return on deposits placed with it…………………………………..Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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