Shariah Scholar on More Than 50 Boards Opposes Limit Plan
Restricting the number of boards religious scholars are involved in would curb growth in the $1 trillion Islamic finance market.
The Accounting & Auditing Organization for Islamic Financial Institutions said in August it’s considering guidelines on scholars owning shares in the institutions they serve and the number of advisory boards they can join, to reduce the risk of conflicts of interest. The top 20 scholars serve on 621 boards globally.
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