Published 2024-12-01
“…Based on descriptive-analytical research, the jurists of the Guardian Council have identified several issues in their Sharia review of the banking regulations of the
Islamic Consultative Assembly, including: 'expedited judicial proceedings for specific lawsuits,' 'limitations on legal complaints against supervised credit institutions,' 'the inability to annul or invalidate the actions of the supervisory board,' 'enumerating the duties of the Central Bank Governor and exercising the Central Bank's powers without adherence to laws and Sharia principles,' 'using endowment properties without regard to the endowment deed,' 'the lack of Sharia and judicial competence of non-judicial authorities,' 'the absence of conditions of trustworthiness and honesty for banking officials,' 'the impossibility of judicial objection and litigation,' 'absolute surveillance and access to individuals' information,' 'contrary to public interests,' 'retroactive application of rulings,' 'usury,' and 'disproportionate crime and punishment.' …”
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