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World 26 Nov 2015 | 6:05 PM

Islamic finance body IIFM launches cross currency swap standard

(Reuters) - The Bahrain-based International Islamic Financial Market (IIFM) launched a standard contract template for sharia compliant cross currency swaps on Thursday, as the industry body seeks to enhance use of hedging tools in the sector.

World 17 May 2012 | 12:00 AM

Afghanistan mulls Islamic bonds, fearing Western cash cutback

KABUL (Reuters) - Afghanistan, which has only a semblance of a capital market, intends to sell Islamic bonds as it braces for a possible sharp fall in Western financial support as the war against the Taliban winds down, a senior central bank official said this week.