IslamicFinance.de

The Association of Islamic Scholars (ASAS) in Kuala Lumpur plans to start a shariah board accreditation process. The move fill follow a points-based system, where the points are earned by Islamic scholars who participate in training cources offered by regulatory bodies. Shariah scholars will be required to sign a voluntary code of ethics and take a corresponding test. The scholars, however believe that this move is bound to fail. It is possible that Islamic finance advisors will not accept the notion of being accredited since the majority of them offer theit services without it.