Oman rules may spur reform of Islamic finance scholars

Oman's new Islamic banking rules could encourage the development of a larger pool of sharia scholars and ultimately help to raise operating standards for them around the world, according to bankers and scholars.

Last month, the sultanate's central bank released an extensive Islamic banking rulebook which included provisions for sharia scholars, such as fit-and-proper criteria and term limits on scholars' appointment to sharia boards, which decide whether products and activities obey Islamic principles.

http://www.arabianbusiness.com/oman-rules-may-spur-reform-of-islamic-finance-scholars-487744.html