| From Moneylife.in: The International Islamic Financial Market (IIFM), a Bahrain-based Islamic capital markets body, and the International Swaps and Derivatives Association (ISDA) have come up with standardised documentation for derivatives instruments that comply with Sharia, or Islamic law.
In theory, derivatives are supposed to hedge risks in developed markets. Often, they have the reverse effect and they can create a disaster far larger than the problem that they were supposed to cure. There are several reasons..............................................Full Article: Source
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