Content area
Full Text
The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association have added to the number of Shariah compliant hedging tools available to investors with two standards for Islamic forward foreign exchange products.
The ISDA/IIFM Wiqayah Min Taqallub As'aar Assarf (Islamic FX forward) contract is the latest in a series of initiatives by the organisations to help standardise hedging in the Islamic finance market. Other recent tools include the ISDA/IIFM Himaayah Min Taqallub...