As sukuk disputes simmer, Islamic scholars ponder legal risks:
"Senior scholars in Islamic finance are exploring ways to prevent legal disputes that have roiled the industry, with new rules aiming to clarify responsibilities, while others raise the prospect of penalties for their peers. The discussions are part of the annual sharia conference of the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI), one of the industry’s top standard-setting bodies. Sharia scholars are considered the gatekeepers of Islamic finance, vetting products and services to ensure they comply with religious principles such as bans on interest and gambling."
'via Blog this'
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