21.01.2011 - Derivatives sales by CIMB spur global standards: Islamic finance

From Bloomberg: The leading Islamic finance standard-setting body is working on global rules for Shariah- compliant structured products to make them acceptable across borders as banks start selling more derivatives. The International Islamic Financial Market, based in Manama, Bahrain, is developing a common template for hedging instruments such as currency swaps, Ijlal Ahmed Alvi, the agency’s chief executive officer, said..............................................Full Article: Source

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