Not to be outdone by the UK’s announcement of the set up of its Islamic finance task force last week, the Central Bank of Morocco this week said that it is looking to establish a Shariah board to catalyze the country’s aspirations of creating a well-regulated Islamic financial system. In the Middle East, Dubai-based issuers and financial institutions are also making their reaction to their ruler’s clarion call to make the emirate an Islamic finance hub, very much visible.
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