| From Forbes: The International Islamic Financial Market and the International Swaps and Derivatives Association published the ISDA/IIFM Tahawwut (Hedging) Master Agreement this past spring. For the first time it provides Islamic financial institutions across the world a standardized toolkit for hedging risk.
--The Tahawwut Master Agreement is based on the 2002 (1992) International Swaps and Derivatives Association Master Agreement, a framework governing hedging transactions between conventional (i.e., non-Islamic) parties. It has been adapted to comply with sharia law following extensive consultations with sharia scholars and market participants.............................................Full Article: Source
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