From Bernama: Bursa Malaysia Bhd plans to launch the Commodity Murabahah House (CMH), an international spot commodity platform which operates under Shariah requirements, by middle of this year.

“Currently, Islamic financial institutions are using commodities which are traded on the London Metal Exchange (LME). So, we are creating an alternative platform for Islamic banks,” Bursa’s chief executive officer Datuk Yusli Mohamed Yusoff said Thursday….. Full Article: Source