06.10.2010 - Controlling fatwa would harm Islamic finance
From Gulf-times.com: Recent developments in the Islamic finance market prompted the industry to rethink the role of Shariah scholars. Most Islamic financial institutions appoint a supervisory board or committee of religious scholars who are tasked with reviewing their transactions in order to ensure that they comply with the principles of Islamic Shariah in their business and financial dealings. A Shariah supervisory board or committee approves or rejects a transaction through the issuance of a fatwa (an opinion or proclamation about the Shariah compliance of such a transaction)..............................................Full Article: Source
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