Let us get our feet firmly on the first rung of the ladder as we are doing now! As I speak to you today I am aware that I am not an expert in Islamic finance and I am certainly not very likely to issue a fatwah anytime soon! And I guess many of you present here today are fellow-novitiates!
2  BIS Review 55/2009  Our bankers and their legal advisers would need to develop a thorough understanding of Islamic law to ensure that the financial products which they offer meet full regulatory and Shariah compliance. Shariah advisors should be able to combine their in-depth knowledge of Islamic law with a familiarity with conventional financial and economic concepts.