Wednesday 6 November 2024
 
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Tahawwut

Islamic derivatives struggle in Gulf

Islamic derivatives are still struggling to gain traction in the Gulf, six months after the launch of a much-touted over-the-counter contract aimed at creating a standard legal framework for hedging products.    Experts sai

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IIFM, ISDA in hedging master agreement

The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association (ISDA) have joined hands to launch the ISDA/IIFM Tahawwut (Hedging) Master Agreement. The development is a breakthrough in Islamic fi

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