25.03.2010 - Malaysia central bank tightens sharia rules for Islamic banks

From Reuters: Malaysia's central bank announced rules to tighten sharia compliance at Islamic banks including raising sharia advisers' accountability and independence, and requiring audits on banks. Disputes on the compliance of certain products such as a recent case involving Kuwait's Investment Dar have put the spotlight on the role of sharia advisers in approving products and their relationship with bank management...................................Full Article: Source

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