29.10.2010 - Sukuk roadblocks may rise with national boards
From Bloomberg: The plan to create national Shariah boards to oversee sukuk sales is drawing criticism from bankers and lawyers who say the groups would increase bureaucracy in the $1 trillion Islamic finance industry. The Accounting & Auditing Organization for Islamic Financial Institutions, a leading global regulator, is in the final stages of a plan recommending governments appoint panels of scholars and experts at the national level to rule whether products comply with the religionís tenets, Mohamad Nedal Alchaar, secretary-general of the Manama, Bahrain-based body, said.............................................Full Article: Source
Print