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.

Projects at that time addressed 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.


View related documents

July 2007
ICMA regulatory policy newsletter - July 2007 (page 10)

April 2007
ICMA regulatory policy newsletter - April 2007 (page 8)


Contact:

Ruari Ewing    
Senior Director, Market Practice and Regulatory Policy; secretary to the ICMA Primary Market Practices Committee and related groups.
Direct line: +44 20 7213 0316

ICMA Zurich
T: +41 44 363 4222
Dreikönigstrasse 8
8002 Zurich

ICMA London
T: +44 20 7213 0310
110 Cannon Street
London EC4N 6EU
ICMA Paris
T: +33 1 8375 6613
25 rue du Quatre Septembre
75002 Paris

ICMA Brussels
T: +32 2 801 13 88
Avenue des Arts 56
1000 Brussels
ICMA Hong Kong
T: +852 2531 6592
Unit 3603, Tower 2
Lippo Centre
89 Queensway, Admiralty
Hong Kong
info@icmagroup.org (general enquiries)
education@icmagroup.org (education enquiries)
sustainabilitybonds@icmagroup.org (sustainable finance)
Copyright © 2024 International Capital Market Association.