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Standardization of Shariah Governance Framework and Issuance of Fatwa is one of the grey areas of modern Islamic banking. In this context, you are required

Standardization of Shariah Governance Framework and Issuance of Fatwa is one of the grey areas of modern Islamic banking. In this context, you are required to attempt following in context of SGF 2018. a. Highlight need of shariah governance framework b. Explain the role of SCD in relation with other function c. Evaluate fit and proper criteria for shariah scholar and suggest areas of improvement

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