Friday, August 13, 2010

Repost: AAOIFI May Limit Shari'ah Scholars' Role

An interesting article from Haris Zuberi over at The Islamic Finance Portal.

The guidelines may address whether Shariah scholars can own shares in the institutions they serve and how many advisory boards they join, said Mohamad Nedal Alchaar, secretary-general of the Accounting & Auditing Organization for Islamic Financial Institutions, whose standards have been adopted in countries including the United Arab Emirates and Qatar.

1 comment:

Chapter 11 said...

How about these folks do the work of god like others, for a minimal fee. Or perhaps even non-profit. That would shake things up a little.