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SWIFT Sharia compliant for murabaha

Posted on 25 November 2010

From Theasset.com: SWIFT has announced that ISO 15022 message standards for the processing of treasury murabaha transactions have been certified compliant with the international Islamic finance standards issued by AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions).
This certification paves the way towards the automated processing of murabaha treasury transactions, said to represent 60 percent of all Islamic financing……………………………………….Full Article: Source

 
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This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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