The Islamic Banking fraternity was shaken by the view of the prominent Shariah scholar, Sheikh Muhammad Taqi Usmani, that up to 85% of the Sukuks issued up to now may not have been fully Shariah-compliant.
This has forced scholars and practitioners to go back to the drawing board and re-look at their existing Sukuk structures, and the Accounting and Auditing [...]
Filed under: Islamic Banking, Islamic Banking Contracts, Sukuk | Tagged: AAOIFI, Islamic Bonds, Ruling on Sukuk, Sukuk, Taqi Usmani | Leave a Comment »
