IIFM Published Standard Documents & Product Templates
Brief on IIFM Standards
ISDA/IIFM Islamic Cross-Currency Swap (ICRCS)
Islamic financial institutions can manage risk in transactions exposed to fluctuations in currencies and rate-of-return mismatches.
Master Collateralized Murabaha Agreement (MCMA)
It is an important new tool for IFI’s as they seek to address the increased global regulatory focus on liquidity and collateral.
Inter-Bank Unrestricted Master Investment Wakalah Agreement (UMWA)
The important features of this standard documentation is Wakil’s discretion to invest the funds, use of general treasury pool, anticipated profit, early termination, replacement of asset, on-balance sheet accounting assessment etc.,
Monday, 21 December 2015
IIFM announces new standards to support the development of Islamic finance at 33rd board meeting & workshop hosted by NCB
Monday, 14 December 2015
Thursday, 26 November 2015