The Shariah scholars are a central concern in Shariah Finance because several of the most prominent are Jihadists with ties to extremist groups. Placing more power in such hands doesn’t help matters.

There appear to be two competing entities in this movement: Mufti Taqi Usmani’s AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) and the International Sharia Research Academy for Islamic Finance (ISRA).

http://www.tradearabia.com/news/newsdetails.asp?Sn=BANK&artid=184953

 

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!