| From Arabianbusiness.com: Islamic finance is struggling to streamline regulations as it moves into the mainstream, but seems overwhelmed by scholar reforms. Islamic finance is toughening supervision of its powerful religious advisers as shareholders worldwide demand increasing accountability from directors, but key reforms may do little to boost independence and transparency.
Islamic banking is overhauling rules that govern the conduct of its influential sharia advisers, with competition for investor dollars and a growing market putting pressure on the once-arcane industry to adopt clearer, more uniform guidelines..............................................Full Article: Source
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