IIFM conducts workshop on published standards

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Dubai

The International Islamic Financial Market (IIFM) has organised a workshop on its Islamic Hedging and Liquidity Management Standards, which was hosted by Clifford Chance at their London office. The workshop was attended by more than 60 delegates from around 40 institutions, which included regulators, banks, law firms, academics and other market practitioners from UK and abroad. The participants were given detailed technical briefings on IIFM’s standards on Islamic hedging and liquidity management by leading experts in the field. In his Welcome Address, Malcolm Sweeting, Senior Partner at Clifford Chance, said “The ability to hedge market risks and to access and mange liquidity are both essential for the continued growth and internationalisation of Islamic Finance. IIFM’s work in developing documentary standards for these activities has been crucial, and we at Clifford Chance have been proud to be able to support IIFM and contribute to their work”. —Agencies