Latest Breaking News On - International islamic financial market - Page 5 : vimarsana.com

<p><span>The International Islamic Financial Market (IIFM) and ISDA today announced the publication of the&nbsp;</span><a href="https://www.isda.org/a/HVtgE/IIFM-IBOR-Fallback-Definitions-Booklet-for-Islamic-Hedging-Transactions.pdf">ISDA/IIFM IBOR Fallback Definitions Booklet for Islamic Hedging Transactions</a><span>, which will enable firms that transact under relevant documentation to agree to robust contractual fallbacks for certain key interbank offered rates (IBORs). IIFM and ISDA have also published an&nbsp;</span><a href="https://www.isda.org/a/rVtgE/IIFM-IBOR-Bilateral-Amendment-Agreement.docx">ISDA/IIFM Shari&rsquo;ah-Compliant Bilateral Amendment Agreement</a><span>&nbsp;template to enable institutions to agree with their counterparties to incorporate the fallbacks for existing Islamic hedges. &nbsp;</span><span>&nbsp;</span></p>

United kingdomSaudi arabiaCity ofBrunei darussalamKingdom of bahrainScott omaliaUsmanm naseerAhmed rufaiYusuf battiwalaChristopher faimaliIjlal ahmed alviKhalid hamad alUnited kingdom financial conduct authority onCentral bankCore working groupBahrain monetary agency