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Islamic Finance Briefing - Categorized | Banking, New Launches more

Al-Rajhi bank unveils commodity Murabahah

Posted on 22 June 2012

Al Rajhi Bank Malaysia on Monday introduced Collateralised Commodity Murabahah-i (CCM-i) as a new instrument for its Treasury use and is pleased to be the first Islamic financial institution to adopt such instrument in managing its daily money market transactions.
The announcement was made at their Kuantan Branch launching ceremony which was graced by YAB Dato’ Seri DiRaja Adnan Yaakob, Menteri Besar Pahang………………………………………..Full Article: Source

 
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