Malaysia’s stock exchange operator aims to double the daily average trades on its murabaha platform from RM1 billion (US$313 million) next year as it expands its Islamic finance products in overseas markets, a company official said.
The operator’s Suq Al-Sila’ tawarruq platform enables Islamic banks to manage their liquidity through the sale and purchase of commodities, which the industry hopes will address the lack of widely accepted syariah liquidity management tools……………………………………….Full Article: Source