In a similar vein, the Fed (and probably many other central banks) did not immediately take account of the fact that a persistent increase in oil prices has a dampening effect on potential output, even if the exact magnitude is difficult to quantify with any precision both directly via a reduction in energy inputs and indirectly via making some of the existing capital stock redundant.
Akin to the demarcation issue in a conventional bank between Board of Directors and the Management; is the demarcation essential between the role and functions of Shariah Advisor or a special Shariah Board (as the case may be) as distinct from the Management/BOD.