WORLD - REGULATONS - AAOIFI in wide review of Islamic finance standards

www.reuters.com - (Reuters) - Islamic finance
may face its biggest shake-up in years as a top standard-setting body
seeks to reform the way the industry does business, including the role
of highly paid scholars in enforcing religious principles.

Khaled Al Fakih, the new
secretary-general of the Bahrain-based Accounting and Auditing
Organisation for Islamic Financial Institutions (AAOIFI),