IIFM held 20th board meeting - looking forward to more standardised contracts

International Islamic Financial Market (IIFM) held its 20th board meeting and discussed the achievement of last year, the Master Agreements for Treasury Placement (MATP), and the new project of the IIFM-ISDA "Tahawwut" (Hedging) Master Agreement.

The objective of IIFM is to take part in the establishment, development and promotion of Islamic Capital and Money Market (ICMM). IIFM's primary focus lies in the advancement and unification of Islamic financial documents, structures, contracts, instruments, infrastructure and recommendations for the enhancement of IC