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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With regard to the commodity, it is noted that many commodities used in the practice bufsa organized tawarruq are spoiled commodities that no one would agree to purchase if they actually wanted the commodity for its own sake Al-Qara Daghi, State Bank of Pakistan calls on Islamic banks to partner with government to implement affordable housing plan.

Remember me on this computer. Wednesday, 01 Dec Islamic Finance Asia. Wednesday, 26 Oct Volume8. It is expected to also enhance liquidity management for Islamic Financial Institutions.

Specifically, the study undertakes to answer the following research questions: Pakistan considering buursa placed year Sukuk; expected later this month.

Wednesday, 25 Apr Volume9.

Monday, 05 Sep Volume Bank Negara Malaysia auctions three Islamic liqudity management facilities. He also has direct control over the commodity and the option to receive delivery within seven days. What is the structure of organized tawarruq and its main features? Lastly, the issue of agency arises because the customers involved in an organized tawarruq do not buy the commodity themselves. Securities and Commodities Authority issues two draft regulations on Sukuk and Islamic funds.


It is purposefully designed as an exchange of multiple commodities using tawarruq transactions. Wednesday, 31 Oct Volume9. To overcome this issue, BSAS has arranged that the sale to the commodity supplier be done on a random basis.

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.

Once acknowledged by BMIS, bursx commodity supplier will then be notified. In JFX Shariah, the buyer has legal ownership over the commodity represented by the electronic certificate. Khaleeji Commercial Bank acquires more treasury shares on Bahrain Bourse; increases total holding to 9. Meanwhile, to address the issue of collusion and market manipulation in JFX Shariah, Circular III of Bank Indonesia does not allow a commodity trader member to conduct transactions with a party that acts as both the commercial member and the commodity consumer.

Log In Sign Up. Wednesday, 17 Aug Volume8.

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

Click here to sign up. Wednesday, bjrsa Aug Volume8. Thursday, 16 Feb Volume Wednesday, 27 Jul Volume Monday, 12 Mar Deals of the Year Handbook 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. Wednesday, 03 Feb Volume This innovative platform would not have become a reality if not for the support and participation of industry players across the board.


He can be contacted at mahbubi isra.

Sceptics may argue that this arrangement makes the transactions tantamount to fictitious transactions. Click on the orange RSS button to go to the Subscribe page. Malaysias position as an Islamic financial hub sial further solidified with the successful commencement of trade on the worlds first, end-to-end Shariah-compliant commodity trading platform.

Bursa Suq Al-Sila’ Commodity Trading Platform Launched

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. It was indeed a good start for Bursa Suq Al-Sila. The customer will then pay the amount and the profit to the party on a deferred-payment basis. Wednesday, 04 Jan Volume9: