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Shariah derivates plan
- Bahrain: Tuesday, September 12 - 2006 at 12:03
The International Swaps and Derivatives Association and the International Islamic Financial Market will together develop a master agreement for documenting privately negotiated Shariah-compliant derivatives transactions. It is hoped an agreement will be become a standard document for such transactions in GCC countries. A limited range of available Islamic investment instruments has held back the development of Islamic financial markets.
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James McInerney, News EditorTuesday, September 12 - 2006 at 12:03 UAE local time (GMT+4)
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