17.02.2010 - Islamic finance needs clearer rules: expert
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
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