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.

Author: Kikazahn Yoshicage
Country: Comoros
Language: English (Spanish)
Genre: Sex
Published (Last): 28 June 2013
Pages: 248
PDF File Size: 7.78 Mb
ePub File Size: 11.61 Mb
ISBN: 987-5-40910-367-6
Downloads: 58724
Price: Free* [*Free Regsitration Required]
Uploader: Taujas

Build Your Own Report. Bank Negara Malaysia auctions three Islamic liqudity management facilities.

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

Skip to main content. Wednesday, 05 Sep Volume9. Ssuq innovative platform would not have become a reality if not for the support and participation of industry players across the board.

Securities and Commodities Authority issues two draft regulations on Sukuk and Islamic funds. 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.

Bursa Suq Al-Sila is indeed one-of-its-kind as it is the worlds first Sl commodity trading platform specifically designed to facilitate Islamic finance.

This state of affairs could lead to the same commodity being the object of multiple transactions Abu Ghuddah, Wednesday, 31 Oct Volume9. 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. BSAS is a commodity trading platform specifically dedicated to facilitate Islamic liquidity management and financing by Islamic financial institutions.


Some scholars also raised concerns about the lack of proper monitoring of the practice by certain segments in the market.

Malaysias position as an Islamic financial hub was further solidified with the successful burssa of trade on the worlds first, end-to-end Shariah-compliant commodity trading platform. The delivery by the commodity supplier to the buyer will take place within seven days upon receipt of the commodity certificate endorsed by BMIS. Wednesday, 10 Aug Volume8. Sharjah Islamic Bank collaborates with Sharjah Finance Department to ensure easier and safer payment services.

It is expected to also enhance liquidity management for Islamic Financial Institutions.

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

(Bursa Suq Al-Sila)

Thursday, 31 Mar Special Awards Report 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. As Bursa Suq Al-Sila is multi-currency capable, non-RM trades will be introduced in the foreseeable xila to provide for international market players.

Pakistan considering privately placed year Sukuk; expected later this month UAE: With regard to the commodity, it is wuq that many commodities used in the practice of 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, AAOIFI has also stressed that tawarruq should not be used as a mode butsa investment or financing with the aim to make more profits.


Algeria finance minister says current regulation sufficient; no reforms needed for corporate Sukuk issuance.

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

He can be contacted at senapatie yahoo. Thursday, 16 Jul Volume Nevertheless, the facility should only be used in situations of real urgency and cases of need.

Islamic Bank of Afghanistan Afghanistan. Enter the email address you signed up with and we’ll email you a reset link.

Wednesday, 19 Mar Volume Wednesday, 30 Sep Volume State Bank of Pakistan calls on Islamic banks to partner with government to implement affordable housing sola. He can be contacted at asyraf isra. Help Center Find new research papers in: Wednesday, 13 Aug Volume In AprilBSAS added refined, bleached and deodorised RBD palm olein as a new commodity to meet greater demand from local and international players for commodity-based Islamic financing.