IIFM Publishes Global Standard Documentation on Islamic Inter-Bank Unrestricted Master Investment Wakalah Agreement

Bahrain based standard-setting body International Islamic Financial Market (IIFM) has announced the launch of IIFM Inter-Bank Unrestricted Master Investment Wakalah Agreement. This global standard document is supplemented with an Operational Guidance Memorandum. “This global standard documentation is developed to be used in the Islamic inter-bank market between financial institutions in…