Results 1-10 of 19
22 November 2018
On 23 September 2018, the President of the United Arab Emirates promulgated Federal Law No. 14 of 2018 on the Central Bank and Organisation of Financial Institutions and Activities (the New UAE Banking Law). The New UAE Banking Law came into force on 30 September...
30 March 2017
The International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) have published an Islamic Credit Support Deed for Cash Collateral designed to be used with the ISDA/IIFM Tahawwut Master Agreement (TMA). The...
27 February 2017
The new UAE Mortgage Law, entering into force on 15 March 2017, is anticipated to be a milestone for parties seeking to create effective security packages with more certainty on enforcement over movable assets in the UAE. In this technical briefing,...
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...
30 November 2015
The publication by the International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) of template product documentation for Himaayah Min Taqallub As'aar Assarf (Islamic Cross Currency Swaps) designed to be...
17 November 2014
Yesterday marked a further milestone in the development for the Islamic Finance industry with the publication by the International Islamic Finance Market (IIFM) of the Master Collateralised Murabahah Agreement (the MCM Agreement). The IIFM, the Shari'a Advisory...
20 October 2014
The ground-breaking sukuk issuance by the UK Government earlier this year, the first of its kind by a European sovereign state, seeks to position the UK as an international hub for Islamic finance and tap Shari'a compliant investors. In this article we go behind...
27 August 2013
To consider the basics of Islamic financial risk management products, it is helpful to summarise the Islamic principles and jurisprudence on which Islamic finance is based.
2 August 2013
Since 2007, Hong Kong has been looking at ways to encourage the development of a sukuk market in Hong Kong, which has historically been limited by the potentially adverse tax treatment of such instruments. On 19 July 2013, the Inland Revenue and Stamp Duty Legislation...
3 June 2013
The launch today in Singapore of the IIFM Interbank Unrestricted Master Investment Wakalah Agreement by IIFM (International Islamic Financial Market) is another milestone in the development of liquidity management products for Islamic Financial Institutions (IFIs)...