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

More assets on Murabahah platform

Posted on 07 October 2009

From Btimes.com.my: Malaysia’s stock exchange operator said today it will allow tin, coal and aluminium to be traded on its controversial Murabahah platform by year-end, widening the pool of assets used in the Islamic financing structure.

Bursa Malaysia said an average US$58 million of trades are done daily on its Suq Al-Sila’ tawarruq platform, suggesting shariah banks have shrugged off a ruling by influential clerics that some forms of tawarruq are impermissible………………Full Article: Source

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