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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BSAS is another innovative offering and a world’s first for Malaysia, further strengthening its position as an international Islamic financial hub. Wednesday, 09 Apr Volume The trading in Bursa Suq Al-Sila today follows the recent signing of Memorandum of Participation between Bursa Malaysia and over 26 commodity suppliers, financial institutions and trading participants three weeks ago.

Wednesday, 31 Oct Volume9. Islamic Bank of Afghanistan Afghanistan. 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 Shariah principles of Murabahah, Tawarruq and Musawwamah.

(Bursa Suq Al-Sila) – Islamic Finance News

Algeria finance minister says current regulation sufficient; no reforms needed for corporate Sukuk issuance. The fully electronic web based platform provides industry players with an avenue to undertake multi commodity and multi currency trades from all bugsa the world.

Do you have suggestions or feedback to help us improve? Sceptics may argue that this arrangement makes the transactions tantamount to fictitious transactions. Specifically, the study undertakes to answer the following research questions: However, it is beyond the control of the BSAS since the decision is exclusively the right of the contracting parties; BSAS merely serves as a platform to facilitate the transaction.


The customer then sells back the commodity to the commodity market on spot for cash. Islamic Finance News, 6. This is done mainly to protect customer confidentiality as well as to address the accessibility issue, since the BSAS platform is only accessible to registered members who are mainly IFIs. Wednesday, 05 Sep Volume9. Zakat authority to reach compromise with Saudi banks over additional Zakat payments before year-end.

Wednesday, 22 Feb Volume9. The launch commodity is Malaysias star product, crude palm oil CPO.

Bursa Suq Al-Sila’ Commodity Trading Platform Launched

In JFX Shariah, the buyer has legal ownership over the commodity represented by the electronic certificate. Bhrsa Bursa Malaysia offers a holistic range of innovative Islamic Market products from equities and commodities to sukuk. Nevertheless, the facility should only be used in situations of real urgency and cases of need. To facilitate increased transaction volumes, Bursa Malaysia has tried to enrol other commodity suppliers in the platform. Wednesday, 16 Feb Volume8.

He can be contacted at senapatie yahoo. Thursday, 16 Jul Volume Furthermore, contract specifications are given for every single asset and are made known to all parties Mansor, He can be contacted at asyraf isra. This is particularly true in the case of transactions performed on the LME. Bursa Malaysia offers a holistic range of innovative Islamic Aila products from equities and commodities to sukuk. With regard to the commodity, it is noted buesa many commodities used in the practice of buesa tawarruq are spoiled commodities that no one would agree to purchase if they actually wanted the commodity for its own sake Al-Qara Daghi, Eventually, this will expand to other Shariah approved commodities covering both soft and hard commodities.


Thursday, 31 Mar Special Awards Report Issues Pertaining to Agency BSAS has no specific measure to address the issue of authorization since the issue lies largely in the hands of the platform burs. It is expected to also enhance liquidity management for Islamic Financial Institutions.

The transaction is also done on a random basis to assure that the same commodity does not go back to the same person via a netting arrangement.

Displaying 1 – 50 of Wednesday, 27 Jun Volume9. Wednesday, 25 Apr Volume9.

Wednesday, 30 Sep Volume Tuesday, 25 Oct Volume Wednesday, 04 Jan Volume9: AAOIFI has also stressed that tawarruq should not suw used as a mode of investment or financing with the aim to make more profits. Wednesday, 17 Aug Volume8. Bank Indonesia targets to more than double Islamic finance market share by 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.

Pin Menu Pinned menu is a feature which allows you to remain your selected menu visible at all time. Meanwhile, to address the issue of collusion and market manipulation in JFX Shariah, Circular III of Bank Indonesia bbursa not allow a commodity trader member to conduct transactions with a party that acts as both the commercial member and the commodity consumer.

The trade involves the sale and purchase of real physical assets.