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In January 2007, ICMA signed a Memorandum of Understanding with the Bahrain-based International Islamic Financial Market (IIFM) to cooperate (through joint working groups) in developing market practices, documentation and educational and technical services for the Islamic capital markets.
Current projects address the potential development of:
* sukuk (Islamic bond) issuance recommendations;
* a master agreement for Islamic repo-style transactions;
* a trade matching and reporting system compatible with Shariah-compliant instruments; and
* appropriate educational offerings.
Contact Ruari Ewing
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