The Bahrain Financial Exchange (BFX), the first multi-asset exchange in the Middle East and North Africa (MENA) region, today announced that it has appointed Ratings Intelligence Partners (RI) as its Shari’ah Advisor.
RI, one of the world’s leading organizations of its kind, will provide a number of important support services to the BFX leading up to its launch in October of this year; most notably, advisory services to the BFX to ensure the adherence of the BFX’s Murabaha platform to Islamic principles. RI will also develop a formal structured documentation process for the BFX’s Islamic products……………………………………….Full Press Release: Source