The repeated selection of an elite group of Shariah scholars to serve on Shariah boards of Islamic financial institutions is said to be hampering the progress of the Islamic finance industry. CAMILLE KLASS looks at a new AAOIFI Shariah governance standard that seeks to address this and other issues. The demanding schedules of top Shariah scholars have been rendering their clients less than thrilled. With the choicest members serving more than 20 Shariah boards each, this means less face time....