Is it true that there are only a handful of Shariah scholars in Islamic banking?
While it is true that growth in Islamic banking warrants a greater number of scholars, there are already a fair number of highly qualified scholars in the field. Over fifteen scholars sit on the Shariah Board of Accounting and Auditing Organization of Islamic Financial Institutions. There are about sixty scholars on the expert list of Islamic Fiqh Academy, a number of whom are proficient in fiqhi issues pertaining to Islamic banking. There are many other scholars who sit on the Advisory/Supervisory boards of a number of banks. As in any field of knowledge, some of these scholars are more known than others based on their experience and knowledge.
