05.03.2009 - Sharia scholar says banks can charge fees for guarantees
From Guardian: Sharia banks should be allowed to charge a fee for giving guarantees, a top religious scholar said on Wednesday, issuing an opinion on an issue that has so far divided the $1 trillion Islamic finance industry. Mohd Daud Bakar -- who advises the globally recognised Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) -- said views on whether sharia banks can charge fees for guarantees are "changing with the times.".... Full Article: Source
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