Sukuk rules to be debated at forum
United Arab Emirates: Thursday, April 03 - 2008 at 08:56
New guidelines aimed at clearing up religious doubt over the booming Sukuk (Islamic bond) market will be debated at the International Islamic Finance Forum being held next month in Dubai. Following concerns that many Sukuk may not be fully conforming to the teachings of Islam, the guidelines were drawn up by the board of 18 religious advisors to Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions. The organisation's Secretary General Dr Mohamad Nedal Alchaar will give a keynote address on the harmonisation of Islamic finance practice at the forum.
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Jeff Florian, Senior ReporterThursday, April 03 - 2008 at 08:56 UAE local time (GMT+4)
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