From Arabnews.com: The launch of a reference paper on I’Aadat Al-Shira’a (IS), the Islamic alternative to repo (repurchase contracts) in July 2010 by the Bahrain-based International Islamic Financial Market (IIFM), opens up an important consultation in arguably a strategic new direction for the Islamic debt and capital market.
The IIFM reference paper on I’Aadat Al-Shira’a provides a basis in terms of finding a widely acceptable and market based solution which will play a major role in liquidity management as well as the creation of a more active sukuk secondary market……………………………………….Full Article: Source