Tuesday, February 17, 2009

Saudi body pushes for Islamic finance norms

Gulf Times:A Saudi Arabian Islamic finance body aims to set up a committee of senior Islamic scholars in the kingdom by 2010 to help standardise Islamic banking edicts in the Gulf oil producer, an official said yesterday.
The Islamic International Foundation for Economics & Finance is in the early talks with Sharia scholars and hoped to “institutionalise” Islamic rulings within a year, said Yousef Abdullah al-Zamil, the foundation’s assitant secretary general...continue Reading

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