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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Sharia banks may get hedge funding tool next year

  • The Jakarta Post

Jakarta | Tue, December 14 2010 | 11:33 am

PREMIUM Member countries of the International Islamic Financial Market (IIFM) may soon enjoy a hedging facility to reduce risks of financial transactions, officials say.

The IIFM’s Board of Directors agreed on Monday to implement a hedging facility for the sharia banking industry in the first half of next year amid global currency concerns.

Bank Indonesia’s director for sharia banking, M...