21.08.2009 - Malaysian banks launch standardised murabaha deposit contract
From Reuters: Malaysian Islamic banks on Thursday launched a standard agreement for commodity murabaha deposit accounts between banks and corporates, aiming to remove a key barrier to the sector's growth. The Association of Islamic Banking Institutions Malaysia -- which groups banks such as Bank Islam, CIMB Islamic and the Malaysian units of Kuwait Finance House and Al Rajhi-- said the master contract would be similar to an interbank murabaha agreement launched earlier.............Full Article: Source
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