28.03.2012 - Isda launches Islamic derivatives standard

The International Swaps and Derivatives Association, the global derivatives trade body, has launched a new standard of Islamic derivative product as the market for such products develops. Isda, in conjuction with the International Islamic Financial Market, announced the creation of the Mubadalatul Arbaah, or profit rate swap, product standard to be used for Islamic hedging purposes on Tuesday...............................................Full Article: Source

Print