Managing Director
Islamic derivatives standard to launch soon
Sun, 2010-02-21 05:17 — newsdeskThe launch of the first template for an over-the-counter Islamic derivative contract is "imminent" and will encourage more companies to hedge their risks, an executive at a bank involved in its creation told Reuters on Tuesday. The contract, which is expected to pave the way for quicker and cheaper Islamic risk management and more frequent cross-currency transactions, was initially due to be launched a year ago.
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