Westlaw Business and the Islamic Financial Services Board (IFSB) have announced their agreement to provide global business law professionals with IFSB’s unique direction on Sharia law within the Westlaw Business Islamic Finance Centre.
The IFSB is an international standard-setting organization that issues global prudential standards and guiding principles for the industry, which includes banking, capital markets and insurance sectors. It also conducts research and coordinates initiatives on industry-related issues.
“Structuring capital transactions to be compliant with Sharia law requires current and authoritative information,” said Mazen Zein, product manager, Westlaw Business.
“Our agreement with IFSB enables us to provide their invaluable insights on Islamic Sharia law and regulations to our customers worldwide. Business law practitioners need to understand the developments and issues within the Islamic finance industry. Together, Westlaw Business and IFSB will further the availability and understanding of this information, ultimately increasing the transparency of the Islamic finance industry.”
Posted on Absolvitor: Scots Law Online.