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Clifford Chance

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New product documentation for Wiqayah Min Taqallub As'aar Assarf (Islamic Foreign Exchange Forwards)

6 June 2016

Today marks the latest step in the development of standardised documentation for the Islamic finance industry with the publication by the International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) of two template product documents for Wiqayah Min Taqallub As'aar Assarf (Islamic Foreign Exchange Forwards), each designed to be used with the ISDA/IIFM Tahawwut Master Agreement.

 

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New product documentation for Wiqayah Min Taqallub As'aar Assarf (Islamic Foreign Exchange Forwards)

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