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Supervision and regulation: Experts see need for a common approach

By Roula Khalaf

Published: May 23 2007 03:15 | Last updated: May 23 2007 03:15

Mohamed Nedal Alchaar has the challenging job of bringing clarity and uniformity to a fragmented but rapidly growing Islamic finance industry.

As head of the Bahrain-based AAOIFI – the Accounting and Auditing Organisation for Islamic Financial Institutions – he is part of a group of officials around the world working on the regulatory front to catch up with the extraordinary expansion of the sector.

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