Tawarruq personal financing using Bursa Suq Al Sila’. Commodity Supplier. Bursa Suq Al-Sila’/. Trading Platform. Commodity Buyer. Facility Agent. (Sub-Agent). USPSB. (Agent / Issuer). Facility Agent. (Sale Agent). by YBhg Dato Dr Nik Ramlah Nik Mahmood Managing Director, Securities Commission Malaysia at the BURSA SUQ AL-SILA’ SIGNING OF MEMORANDUM OF.

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Malaysia International Islamic Financial Centre (MIFC) : Bursa Suq Al-Sila’

Friday, 07 Oct Volume8. With regard to the commodity, it is noted that many commodities used in the practice of organized tawarruq are spoiled commodities that brsa one would agree to purchase if they actually wanted the si,a for its own sake Al-Qara Daghi, Click here to sign up. Build Your Own Report. BSAS is a commodity trading platform specifically dedicated to facilitate Islamic liquidity management and financing by Islamic financial institutions.

State Bank of Pakistan calls on Islamic banks to partner with government to implement affordable housing plan. In fact, the mechanism of JFX Shariah is designed to make the delivery of commodities the first option in transactions to ascertain that the sale contract is real and not fictitious.

This fully-electronic platform, called Bursa Suq Al-Sila, is an international commodity platform that is able to facilitate commodity-based Islamic financing and investment transactions under the Burrsa principles of Murabahah, Tawarruq and Musawwamah. Wednesday, 31 Oct Volume9.


Bursa Suq Al-Sila’ Commodity Trading Platform Launched

Bursa Malaysia offers a holistic range of innovative Islamic Market products buraa equities and commodities to sukuk. Wednesday, 30 Sep Volume Goldilocks Investment Company acquires The fully electronic web based platform provides industry players with an avenue to undertake multi commodity and multi currency trades from all around the world.

Wednesday, 22 Mar Special Awards Report Bank Negara Malaysia auctions three Islamic liqudity management facilities. Commodity suppliers such as Crude Palm Oil suppliers are also provided with an additional revenue source, says Dato Yusli Mohamed Yusoff, chief executive officer of Bursa Malaysia. The delivery by the commodity supplier to the buyer will take place within seven days upon receipt of the commodity certificate endorsed by BMIS. It was indeed a good start for Bursa Suq Al-Sila.

This is particularly true in the case of transactions performed on the LME. Subscribe to our RSS feeds and get the latest Bursa Malaysia news delivered directly to your desktop. Meanwhile, to address the issue of collusion and market manipulation in JFX Shariah, Circular III of Bank Indonesia does not silz a commodity trader member to conduct transactions with a party that acts as both the commercial member and the commodity consumer.

Wednesday, 08 Jun Volume8. Wednesday, 09 Apr Volume Some scholars also raised concerns about the lack of proper monitoring of the practice by certain segments in the market. Wednesday, 16 Feb Volume8.


Malaysias position as an Islamic financial hub was further solidified with the successful commencement of trade on the worlds first, end-to-end Shariah-compliant commodity trading platform. Sharjah Islamic Bank collaborates with Sharjah Finance Department to ensure easier and safer payment services. Monday, 12 Mar Deals of the Year Handbook Wednesday, 11 Jan Volume Tuesday, 24 Apr Volume BSAS is another innovative offering and a world’s first for Malaysia, further strengthening its position as an international Islamic financial hub.

(Bursa Suq Al-Sila) – Islamic Finance News

As Bursa Suq Al-Sila is multi-currency capable, non-RM trades will be introduced in the foreseeable future to provide for international market players. Wednesday, 17 Oct Volume9. This is particularly true since the transacting parties operate a netting facility arrangement between their different storage facilities confirming the bhrsa that transfer of ownership does not actually take place.

Islamic Finance News, 6.