25.11.2009 - Islamic banks launch standard wakala agreement, eye uniformity
From Forbes: Malaysian and UK Islamic banks signed off on a standardised wakala deposit agreement on Tuesday, which some bankers said could help the industry reduce its reliance on the controversial commodity murabaha structure. Lenders such as Malaysia's Maybank Islamic, Bank Islam and CIMB Islamic, UK's Gatehouse and Indonesia's PT Bank Syariah Muamalat agreed to use the template for interbank and corporate wakala deposit placements, said an Islamic banking body...............................Full Article: Source
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