In a bid to provide a substantial support to the proposed International Islamic Financial Market (IIFM), five Islamically-designed instruments will be launched by the end of next month, said Bahrain Tribune.
Othman Hamad Khair, General Manager of Sudan Financial Services Company was quoted by the daily as saying that “the instruments are Central Musharka Certificates, Government Musharka Certificates, Salam Short Term Securities, Iajara Sukuk and Islamic Development Sukuk.”
Khair, who presented his paper on the Islamically designed instruments Wednesday told the paper that the instruments were designed by Sudan and during the working group meeting member states discussed all aspects of these products – Albawaba.com
