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Shariah experts push for scholar certificates: Islamic finance

By Alliance Alert

BusinessWeek: "Leading Islamic finance scholars are preparing the first global certification for Shariah experts, seeking to bolster the industry?s reputation and make it easier for banks to find qualified advisers. The International Shariah Research Academy for Islamic Finance in Kuala Lumpur will pick a board of regulators by year- end to issue permits for scholars qualified to sit on Shariah boards, said Aznan Hasan, the president of the oversight committee. The scholars decide whether financial products meet the religion?s precepts, including a ban on interest payments."

Full post as published by Constitutionally Correct on August 31, 2010 (boomark / email).