The Standard Agreement shall be accompanied by an Operational Guidance Memorandum covering the operational procedures that may be implemented by potential users of this Agreement. The TMA has become the framework contract of choice and its use is increasing after the publication of standard ISDA/IIFM product models on the Islamic Profit Swap, the Islamic Cross Currency Swap and the Islamic Foreign Exchange Froward. At present, TMA has been implemented in the Bahraini and Saudi markets due to regulatory support and institutional preference due to a strong and well-established document architecture. The publication of the agreement marks the culmination of several years of work and discussions between ISDA, IIFM, market participants and consultants to establish an agreement that meets the requirements of Sharia law, but is at the same time familiar to people active in derivatives markets. Where a concessionaire intends to share part of its risk with a participant under an unfunded or financed trade finance facility, the uncovered participation agreement and the financial participation agreement (together the “framework participation agreements”) constitute the framework for the conclusion of one or more participation agreements between the licensor and the participant. Traditional financial institutions can use this agreement and be a concessionaire, provided that a minimum Sharia requirement is met. See operational guidance memorandum. The Wakalah Standard Agreement contains a detailed memorandum on the operational guidelines on the mechanisms of this Agreement as well as how it should be applied by the parties to the transaction. .