03.03.2010 - IIFM and ISDA launch Tahawwut (Hedging) Master Agreement
From Cpifinancial.net: The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association (ISDA) have launched the ISDA/IIFM Tahawwut (Hedging) Master Agreement. The development is a breakthrough in Islamic finance and risk management, and marks the introduction of the first globally standardised documentation for privately negotiated Islamic hedging products. The ISDA/IIFM Tahawwut (Hedging) Master Agreement is the first financial industry framework document that is applicable across all jurisdictions where Islamic finance is practiced..............................................Full Article: Source
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