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ISDA & IIFM Tahawwut Master Agreement
ISDA & IIFM Tahawwut Master Agreement
The ISDA/IIFM Tahawwut Master Agreement is a global master agreement for transactions in Islamic derivatives. The document provides the first standard contract document for cross-border transactions in Shariah-compliant derivatives. Like the ISDA 2002 Master Agreement on which it is based, the ISDA/IIFM Tahawwut Master Agreement is a multiproduct framework agreement. The document has been drafted with a view to documenting commodity murabaha-based Islamic profit-rate and currency swaps.
Confirmation templates have been produced as well as IBOR transition-related fallback language (links below).
Islamic Credit Support documentation is available under this section.
Free downloads for ISDA & IIFM Tahawwut Master Agreement (10)
- Explanatory Memorandum relating to the ISDA/IIFM Tahwwut Master Agreement (pdf)
- ISDA/IIFM confirmation templates for Islamic cross-currency swaps (ICRCS) (2024 Version) (docx)
- ISDA/IIFM confirmation templates for Islamic profit rate swap (PRS) - Single Sale (2024 Version) (docx)
- ISDA/IIFM confirmation templates for Islamic profit rate swap (PRS) - Two Sales (2024 Version) (docx)
- ISDA/IIFM confirmation templates for Islamic FX forwards (IFX) (zip)
- ISDA/IIFM IBOR Fallback Definitions Booklet for Islamic Hedging Transactions (pdf)
- Bilateral Amendment Agreement (docx)
- Dentons Bulletin on ISDA/IIFM IBOR Fallback Definitions (pdf)
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Superseded
ISDA/IIFM confirmation templates for Islamic profit rate swap (PRS)(Superseded) (zip) - ISDA/IIFM confirmation templates for Islamic cross-currency swaps (ICRCS) (Superseded) (zip)