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Hedging agreement guides Islamic investing

Posted on 09 July 2010

From Forbes: The International Islamic Financial Market and the International Swaps and Derivatives Association published the ISDA/IIFM Tahawwut (Hedging) Master Agreement this past spring. For the first time it provides Islamic financial institutions across the world a standardized toolkit for hedging risk.
–The Tahawwut Master Agreement is based on the 2002 (1992) International Swaps and Derivatives Association Master Agreement, a framework governing hedging transactions between conventional (i.e., non-Islamic) parties. It has been adapted to comply with sharia law following extensive consultations with sharia scholars and market participants………………………………………Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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