Bahrain’s International Islamic Financial Market to Develop Islamic Syndication and Liquidity Management Standards
June 23, 2022 | Updated at June 23, 2022
Bahrain-based International Islamic Financial Market’s (IIFM) Board of Directors has announced its intention to develop new standards for Shariah-compliant syndicated financing and new Islamic liquidity management instruments, during its 46th meeting held on the 21st of June 2022.
Why it Matters?
After evaluating the rising need for developing an additional Islamic liquidity management tool, the Board gave its approval for the formation of a global working group and for organising an industry consultation meeting in the third quarter of 2022 (3Q 2022) for work to start based on market recommendations. The role of key players from some of the countries where Islamic finance is practised and growing was emphasised for participating in IIFM's standa...