IslamicFinance.de

Trevor Norman, director of Jersey-based fiduciary specialist Volaw Trust and Corporate Services, noted that UK investors and their advisers should be given permission to research products themselves instead of having to obtain a fatwa, or judgement, from a Sharia board.
Mahmood Faruqui, senior adviser for the Bank of London and the Middle East and former vice-chairman of the Institute of Islamic Banking and Insurance, added that another problem with the current system was the lack of transparency from the Sharia board in providing its judgements.