International Islamic Financial Market Releases Six Liquidity Management and Risk Mitigation Standards in French Language

Bahrain-based global standard-setting body, the International Islamic Financial Market (IIFM) has translated six standards pertaining to Islamic Liquidity Management and Risk Mitigation into French as part of its strategy to broaden IIFM's Islamic Financial Documentation Standardization programs and other services to new markets and regions.

The French translated standards under the first phase of the aforesaid program are; Standard No. 1 – IIFM Master Agreements for Treasury Placement, Standard No. 2 – ISDA/IIFM Tahawwut (Hedging) Master Agreement, Standard No. 5 – IIFM Unrestricted Interbank Master Investment Wakalah Agreement, Standards No. 8 and 9 – ISDA/IIFM Islamic Foreign Exchange Forward (...