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Al Baraka joins BFX Islamic finance unit

Posted on 21 November 2011

Al Baraka Banking Group (ABG) has joined Bait Al Bursa, the Islamic finance division of Bahrain Financial Exchange (BFX), it was announced yesterday. The BFX Bait Al Bursa’s offerings come at an appropriate time when the Islamic market is eager for new pioneering and innovative products.
e-Tayseer, Bait Al Bursa’s Murabaha liquidity management platform, is designed to make Al Baraka Banking Group scheduling and execution of their Murabaha transactions more streamlined and afford its users the benefit of reduced trade life-cycle and manual paperwork procedures resulting in savings of time and cost in executing transactions………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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