Please contemplate the following scenarios and answer accordingly. b. Islamic banks are often criticized for following KIBOR as pricing benchmark in structuring various products at asset and liability...

Please contemplate the following scenarios and answer accordingly.

b. Islamic banks are often criticized for following KIBOR as pricing benchmark in structuring various products at asset and
liability side. As it creates similarity with conventional banking and doubts among stakeholders, they demand IB to
adopt/develop other pricing benchmarks which are innovative, transparent, and more suitable to shariah precepts.
Requirement:
       As an Islamic Banker, please evaluate if following KIBOR poses a shariah non-compliance risk and discuss reasons and constraints
which push an Islamic bank to follow KIBOR.