From Saudigazette.com.sa: The Islamic finance industry has gained new momentum over the past decade. A combined use of securitization and derivatives offers considerable scope for reducing the risk exposures of Islamic financial institutions (IFIs) and thus improving their overall creditworthiness, Moody’s Investors Service said in a new Special Comment.
However, the Islamic finance industry needs to develop its own innovation phase and not imitate conventional derivative instruments in order for IFIs to maintain their special status and Shariah-compliant approach, Moody’s report noted………………………………………..Full Article: Source