In the book “Shariah Minds In Islamic Finance”, Tan Sri Dr. Mohd Daud Bakr, after discussing some of the common initial challenges in new Islamic finance markets such as non-confidence on Shariah compliance and how these early challenges are eventually overcome with the increased knowledge of both the public and scholars, mentions the below point:
“Strangely enough, from my observations, the issues, challenges and resistance are more intense in a Muslim-minority community, due to some sociological aspects of human behaviour, which largely include the local scholars and imams….“ (pg. 225)
The above is an interesting observation from Tan Sri Dr. Mohd Daud Bakr, who has decades of experience as a Shariah Advisor in the Islamic Finance industry and is the Founder of Amanie Advisors, one of the oldest Shariah Advisory companies around.
