Bahrain's IIFM and TKBB sign MoU on participation banking sector

The International Islamic Financial Market (IIFM), a Bahrain-based standard-setting body, and the Participation Banks Association of Turkey (TKBB) have signed a memorandum of understanding (MoU) to collaborate on areas of common interests for the development of the participation banking sector in Turkey and internationally. IIFM issues Sharia-compliant financial contracts and…