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IIFM to issue key standards on trade finance

Bahrain Business
Tue, 27 Nov 2018
Avinash Saxena


Manama: Bahrain-based International Islamic Financial Market (IIFM), a standard-setting body, will soon issue two key standards relating to trade finance, its chairman has said. Khalid Hamad, executive director of banking supervision at Central Bank of Bahrain and chairman of IIFM, said the two standards are being launched jointly with the Bankers Association of Finance and Trade, and with the assistance and collaboration of the International Trade and Finance Corporation, which is the trade finance arm of the Islamic Development Bank.

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