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Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Islamic Hedge Funds more

Bank Negara arm plans shariah hedging guidelines

Posted on 18 February 2011

From Thestar.com.my: An Islamic finance research body backed by Bank Negara is drafting rules to regulate the use of derivatives to strengthen the industry’s risk management framework and repair the perception of poor syariah compliance among banks.
The guidelines could help plug a yawning gap in an industry which has struggled to develop hedging tools that do not resemble betting instruments a major handicap that can expose Islamic banks to excessive swings in currency and interest rate movements……………………………………….Full Article: Source

 
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