ISRA Signed Memorandum of Agreement with Bloomberg

Inter Continental Hotel-Kuala Lumpur – November, 30 – Delegates of International Shariah Scholars Forum (ISSF) have witnessed the first ever signing of Data Sharing Agreement between International Shariah Research Academy (ISRA) and Bloomberg Finance L.P, a Delaware limited partnership (“BFLP”). ISRA grants Bloomberg a nonexclusive, worldwide and perpetual license to receive, store, use, reproduce, display and deliver the Information or any part thereof to users of the Bloomberg Services via the Bloomberg Services.

Bloomberg shall have the right to use the Information for internal business purposes related to the Bloomberg Services (including, without limitation, product development, quality control, customer support and business operations), for the purposes of marketing and sales of the Bloomberg Services (including, without limitation, demonstrations and training), for research and reporting by its multimedia news operations and to create derivative works including, without limitation, use in its generic, “fair value”, composite or theoretical prices or ratings and in the development of its proprietary databases. The signing ceremony acknowledged ISRA as the Islamic finance repository and Bloomberg shall use their Bloomberg services to distribute the information gathered from ISRA.