Isda AGM Singapore: Isda working on sharia-compliant documentation

Isda has been engaged in dialogue with Islamic scholars worldwide, including those working for the International Islamic Financial Market (IIFM), based in Bahrain, on developing a framework for sharia-compliant derivatives transactions, Pickel said. Isda’s work on sharia-compliant documentation is mainly conducted and co-ordinated through its central and eastern European committee led by Peter Werner, policy director for Europe.

Bankers said the surge in Islamic financing requirements worldw