Scholars look for way ahead after Goldman sukuk controversy
Controversy over attempts by conventional banks to issue sukuk remained the centre of attention in the Islamic finance market this week, with a 90 minute Shariah scholar panel discussion at an industry summit dominated by the topic of Goldman Sachs’s proposed $2bn programme.
The debate at Euromoneys 11th Annual Islamic Finance Summit among eight of the industrys leading Shariah experts followed reports (see EuroWeek 1242) that Abu Dhabi Islamic Bank (ADIB) had rejected Goldmans deal as unacceptable for Islamic investment.
The panel included two of the scholars on ADIBs Shariah board
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