Malaysia eyes law change to help sharia banks

[Coventina]

Source: Reuters

KUALA LUMPUR (Reuters) - Malaysian courts hearing Islamic finance disputes must refer to national sharia advisors under a proposed change, the central bank chief said on Friday, as the country seeks to boost its image as an Islamic finance hub.

Under proposed changes to the law, judges would be guided by either the central bank or the capital market regulator's sharia advisory body in deciding Islamic banking matters, Zeti Akhtar Aziz said.

(snip)

Mostly Muslim Malaysia has the world's largest Islamic bond market and wants be a hub for international sharia banking and insurance and fund and wealth management businesses.

Islamic banking matters in Malaysia are heard in civil law courts staffed by judges who are not formally trained in sharia.



Read more: http://www.reuters.com/article/IslamicBankingandFinance09/idUSTRE53G36M20090417

[get the red out]

1. People can't make judgements in money matters

who aren't properly trained in Sharia misogyny; something might accidentally be done in favor of some worthless female or something. Then everyone goes to hell.

[ddss75]

2. Wow

How would diputes be resolved? Would you have to beat and rape your wife, sell your daughter to a 65 year old, or blow yourself up to resolve the matter?

[parkia00]

3. Your comments about muslims...

are most freeper like. Congratulations on hitting the bottom of the barrel.

[Idealism]

4. Gotta love the ignorance about Islam portrayed daily here

and this, even on a progressive website...