Economics
Scholar Ethics Rule Pushed Globally by Malaysia: Islamic Finance
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Malaysia is pushing for its one-year old rules overseeing Islamic scholars to be implemented globally in a push for more rigid governance.
The Southeast Asian country, the world’s largest market for Islamic debt, established the industry’s first code of conduct in December 2013 for experts who vet financial products for conformity with Shariah law and is targeting their adoption overseas, Aznan Hasan, president of the Association of Shariah Advisors in Islamic Finance, said by e-mail Monday. The rules cover accountability and salaries, said Aznan.