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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Repos for Sukuk eyed as Shariah market grows

Posted on 18 August 2010

Ijlal Ahmed AlviFrom Bloomberg: The International Islamic Financial Market, founded by the central banks of Bahrain, Indonesia and Malaysia, plans to create Shariah-compliant repurchase agreements to help Islamic banks manage funds and boost trading.
The IIFM, a Bahrain-based standards-setting body for Islamic markets, wants to introduce repos that don’t violate the religion’s ban on interest. It has proposed allowing third parties to act as intermediaries between buyers and sellers of sukuk used as collateral for short-term funds……………………………………….Full Article: Source

 
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