MANAMA: International Islamic Financial Market (IIFM), a Bahrain-based standard-setting body for Islamic finance, yesterday announced its intention to develop new standards for Sharia-compliant syndicated financing and new Islamic liquidity management instruments.
The announcement follows a board meeting of the organisation, which has formed a Syndication Standardisation Core Working Group consisting of leading institutions from key jurisdictions to finalise the consultation paper which will be deliberated upon at the IIFM industry consultation meeting planned to take place during Q3 2022 .