18.08.2010 - Repos for Sukuk eyed as Shariah market grows
From Bloomberg: The International Islamic Financial Market, founded by the central banks of Bahrain, Indonesia and Malaysia, plans to create Shariah-compliant repurchase agreements to help Islamic banks manage funds and boost trading. The IIFM, a Bahrain-based standards-setting body for Islamic markets, wants to introduce repos that donít violate the religionís ban on interest. It has proposed allowing third parties to act as intermediaries between buyers and sellers of sukuk used as collateral for short-term funds..............................................Full Article: Source
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