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Derivatives

One Year Ago

The International Swaps and Derivatives Association and the International Islamic Financial Market were preparing to circulate drafts of Shariah-compliant trade confirmations for fx swaps and forwards to their members.

The International Swaps and Derivatives Association and the International Islamic Financial Market were preparing to circulate drafts of Shariah-compliant trade confirmations for fx swaps and forwards to their members. The associations were also set to create confirmations for profit rate swaps. [This week, BNP Paribas launched five-year Islamic collared profit-rate certificates in Switzerland and Luxembourg, a first for Shariah-compliant products.]

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