IIFM Standard - 7
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.
IIFM Standard - 6
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.
IIFM Standard - 5
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.,
Tuesday, 05 April 2016
Monday, 21 December 2015