From Gulf-daily-news.com: The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association, (ISDA) launched the ISDA/IIFM Tahawwut (Hedging) Master Agreement at a meeting in Bahrain.

The development is a breakthrough in Islamic finance and risk management, and marks the introduction of the first globally standardised documentation for privately negotiated Islamic hedging products……………………………………..Full Article: Source