Capital Markets 205
Role of Shari’ah Scholars
Shari’ah scholars can also play an important role. It is essential that multidis-
ciplinary expertise, covering topics ranging from theological interpretation
to fi nancial structuring, be developed through knowledge - sharing, cross -
training and acquiring an understanding of the functioning of markets. To
stimulate cross - border activities in both primary and secondary markets, the
acceptance of contracts across regions and across schools of thought and
markets will also be helpful.
ENDNOTES
- Ernst & Young (2009).
- Askari et al. (2009).
- Marzban (2009).
- Vogel and Hayes (1998).
- Usmani (1999).
- Bennett and Iqbal (2010).
- Triple - A rated sukuk issuance has to date been dominated by only one issuer,
the IDB.