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Islamic derivatives standard to add product dealsBankers hoping to introduce the wider use of derivatives in Islamic finance said on Monday they would develop simpler individual contracts to try and foster the wider use of such instruments. Islamic finance industry body IIFM and several More… |
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IIFM releases Shari’ah compliance agreementThe International Islamic Financial Market (IIFM), the standard setting body for Islamic funds, has published the governing document which is seen as an essential step in the development of the market for Shari’ah compliant hedging transactions. More… |
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DIFC hosts IIFM Shari’ah panel meetingThe Dubai International Financial Centre (DIFC) recently hosted a meeting of the Shari’ah advisory panel of the International Islamic Financial Market (IIFM) to explain the benefits of its Tahawwut master agreement. The agreement provides More… |
