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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds) more

Al Baraka Banking Group joins BFX’s Bait Al Bursa

Posted on 23 November 2011

Al Baraka Banking Group (ABG) has become a registered user of Bait Al Bursa, the Islamic finance division of the Bahrain Financial Exchange (BFX). The BFX Bait Al Bursa’s e-Tayseer, aMurabaha liquidity management platform, will help streamline Al Baraka Banking Group scheduling and execution of its Murabaha transactions.
Adnan Ahmed Yousif, President & Chief Executive & Member of the Board of Directors of ABG said, “We are very pleased with our decision to become a registered user of Bait Al Bursa. Our group will benefit greatly from the advantages of its first product e-Tayseer which we trust will further strengthen our Murabaha dealings efficiencies and we wish the BFX as a whole all the best in delivering their future plans.”……………………………………….Full Article: Source

 
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