KUALA LUMPUR: The Malaysian Investment Banking Association (MIBA) members will be adopting the Interbank Murabahah Master Agreement (IMMA), Corporate Murabahah Master Agreement (CMMA) and Wakalah Placement Agreement (WPA) for Interbank and Corporate developed by the Association of Islamic Banking Institutions Malaysia (AIBIM).
In a statement Monday, April 4, MIBA's Islamic Capital Market Committee chairman Badlisyah Abdul Ghani said the adoption of AIBIM's standardised Islamic financial agreements by its members stemmed from the close cooperation that MIBA had with AIBIM in industry building initiatives.
'The use of the same standardised agreement in the Islamic investment banking sector will undoubtedly lead to a stronger overall Islamic finance industry in Malaysia", said Badlisyah.
In a statement Monday, April 4, MIBA's Islamic Capital Market Committee chairman Badlisyah Abdul Ghani said the adoption of AIBIM's standardised Islamic financial agreements by its members stemmed from the close cooperation that MIBA had with AIBIM in industry building initiatives.
'The use of the same standardised agreement in the Islamic investment banking sector will undoubtedly lead to a stronger overall Islamic finance industry in Malaysia", said Badlisyah.
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