| From Gulf-times.com: An Islamic finance research body backed by Malaysia’s central bank is drafting rules to regulate the use of derivatives to strengthen the industry’s risk management framework and repair the perception of poor Shariah compliance among banks.
The guidelines could help plug a yawning gap in an industry which has struggled to develop hedging tools that do not resemble betting instruments—a major handicap that can expose Islamic banks to excessive swings in currency and interest rate movements...............................................Full Article: Source
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