New product documentation for Mubadalatul Arbaah (Profit Rate Swaps)
9 April 2012
The recent announcement by the Government of Hong Kong of a two month consultation on proposed changes to the Hong Kong tax regime in order to promote the development of an Islamic bond market in Hong Kong is a timely reminder of the on-going development of Shari'a markets and products in Asia. A further noteworthy advance for the Islamic Finance industry involves the recent development of further standardised derivatives documentation. Please read more about the publication by the International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) of template product documentation for Mubadalatul Arbaah (Profit Rate Swaps) designed to be used with the ISDA/IIFM Tahawwut Master Agreement.
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