Islamic Finance
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Regulation, Risk & Compliance
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Bahrain eyes external sharia audits for Islamic banks
Bahrain's Waqf Fund, a non-profit body set up by the central bank, has proposed mandatory external sharia audits for Islamic financial institutions to help strengthen compliance and improve the image of the industry. Regulators around the world are increasing their scrutiny of Islamic finance, including the boards of sharia scholars…
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Click here to read the full story: Reuters