Bank Sarasin & Co has selected Avaloq’s Islamic Banking Solution, in an effort to upgrade its range of Sharia-compliant offerings to private clients.
The new system covers a range of Islamic products, such as murabaha finance and placement, diminishing musharaka, and others. Murabaha refers to a form of fixed-income commodities trading, where parties agree on an upfront price pre-sale, and the seller takes physical receipt of the commodity before passing it on……………………………………Full Article: Source