| From Opalesque: With the increased attention on the regulation of the financial sector under the last two years, there have been concerns that the Islamic finance industry remains subject to lower standards of regulation. One of the areas often cited in this regard is shariah risk. A term, which was coined to primarily refer to instances where a product or transaction originally deemed shariah compliant, becomes no longer regarded as such.
The perceived lack of governance or regulation of this risk has become an issue of popular discussion following recent events which will be considered below..............................................Full Article: Source
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