IslamicFinance.de

Thomson Reuters will add leading Islamic scholars and bankers to the supervisory bodies of the Islamic Interbank Benchmark Rate (IIBR), expanding geographic and community representation on both the IIBR Shariah Committee and Islamic Benchmark Committee.
The new members will offer credit to IIBR as a viable alternative for pricing Islamic instruments and implanting Islamic finance authenticity.
IIBR is set up to provide an objective and dedicated indicator for the average anticipated return on Shariah-compliant short-term interbank funding and an alternative to the conventional interest-based benchmarks used for mainstream finance.