| From Cpifinancial.net: Dr. Ahmad Rufai Muhammad Head of Shari’ah, and Ijlal Ahmed Alvi, CEO of International Islamic Financial Market say that as Islamic finance has grown, differences in rulings on whether or not products are Shari’ah-compliant have surfaced.
Rufai and Alvi opined, “Although Shari’ah interpretations and applications are similar, this does not always translate into unified documentation and unified application. Conformity amongst the Shari’ah supervisory boards of Islamic financial institutions is needed..............................................Full Article: Source
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