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IIFM plans to hold Islamic Finance Industry briefing session in London
MANAMA - The International Islamic Financial Market (IIFM), along with its working partners, has achieved key milestones in the development of Islamic Capital Market (ICM) instruments.
The Bahrain-based organisation is spearheading the development of a Master Agreement for Islamic Hedging, a Master Agreement for Islamic Treasury Murabaha Contracts, as well as standardised documentation for sukuk and a Shari'ah-compliant repurchase agreement (Repo).
Progress on the three projects will be the focus of a briefing session being organised by the IIFM in London.
The event, on February 4 will be attended by over 70 participants representing the UK Financial Services Authority (FSA), HM Treasury, London Stock Exchange (LSE), London Metal Exchange (LME), legal firms and UK-based Islamic and conventional financial institutions.
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