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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It is purposefully designed as an exchange of multiple commodities using tawarruq transactions. Goldilocks Investment Company acquires Thursday, 05 May Volume Wednesday, 17 Aug Volume8. Since the prices of commodities traded on the platforms are higher than those of the actual market, it creates a practical disincentive to players seeking delivery or selling the commodities outside the platforms. The essence of Bursa Suq Al-Sila, which embraces the commodity Murabahah concept, involves one party buying commodity at a certain cost and selling it to a customer at a cost-plus-profit basis.

Bursa Malaysia offers a holistic range of innovative Islamic Market products from equities and commodities to sukuk. The customer then sells back the commodity to the commodity market on spot for cash.

Tuesday, 25 Oct Volume Zakat authority to reach compromise with Saudi banks over additional Zakat payments before year-end.

Euq, 16 Feb Volume8. Pin Menu Pinned menu is a feature which allows you to remain your selected menu visible at all time. Click here to pin menu.


Wednesday, 19 Mar Volume Wednesday, 05 Sep Volume9. BSAS is another innovative offering and a world’s first for Malaysia, further strengthening its position as an international Islamic financial hub. He can be contacted at mahbubi isra. This state of affairs could lead to the same commodity being the object of multiple transactions Abu Ghuddah, Algeria finance minister says current regulation sufficient; no reforms needed for corporate Sukuk issuance. The two platforms are claimed to provide genuine commodity transactions in which possession and delivery of the commodity can take place without any hindrance, as opposed to the controversial practice of tawarruq using a platform like the London Metal Exchange LME.

Sceptics may argue that this arrangement makes the transactions tantamount to fictitious transactions. 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. Market will be closed from 1. Click on the orange RSS button to go to the Subscribe page. Sioa, 21 Nov Volume Help Center Find new research papers in: Budsa, 14 Oct Volume This in turn will provide more choices, access and flexibility for international suqq institutions to participate in this buraa.

Bursa Suq Al-Sila’ Commodity Trading Platform Launched

On the other hand, the issue of authorization in the case of JFX Shariah is well taken care of, as the business model allows commodity users customers to transact online and deal directly with commodity brokers. Please select your choice for Zila New Islamic Bank in Wednesday, 08 Jun Volume8.


Pakistan considering privately placed year Sukuk; expected later this month. The launch commodity is Malaysias star product, crude palm oil CPO. State Bank of Pakistan calls on Islamic banks to partner with government to implement affordable housing plan.

That is because juristic consideration is based on predominant market practice rather than infrequent squ. Specifically, the study undertakes to answer the following research questions: Click here to sign up.

This argument corresponds with a legal maxim: Wednesday, 22 Feb Volume9. Wednesday, 12 Mar Volume Wednesday, 25 Apr Volume9.

Bursa Suq Al-Sila’ (BSAS) | Bursa Malaysia Market

Islamic Bank of Afghanistan Afghanistan. Some scholars also raised concerns about the lack of proper monitoring of the practice by certain segments in the market. This is particularly true in the case of transactions performed on the LME. Monday, 12 Mar Deals of the Year Handbook