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Islamic Finance Briefing - Categorized | Banking, Emerging Trends, Market Moves more

UK Islamic bank EIIB seals forex hedging deal

Posted on 09 October 2009

From Reuters: UK-listed Islamic bank European Islamic Investment Bank (EIIB) has signed a deal with Standard Chartered Bank to hedge foreign exchange risk.

Standard Chartered said in a statement on Thursday originally issued in Singapore that the Sharia-compliant structured foreign exchange hedging deal was its first in Europe………………..Full Article: Source

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