Bursa Suq Al Sila Commodities

Bursa suq al sila bsas the world s first end to end shari ah compliant commodity trading platform has added rbd palm olein as a new commodity offering.

Bursa suq al sila commodities. Initiated as a national project bsas exhibits the collaboration of bank negara malaysia. The world s first multi commodity and multi currency. Trading in the new commodity began on 17 april 2012 and myr 75 million worth of trades have been recorded as of 23 april 2012. What is bursa al sila.

Bursa suq al sila bsas is a commodity trading platform specifically dedicated to facilitate islamic liquidity management and financing by islamic financial institutions. The launch commodity is malaysias star product crude palm oil cpo. A hybrid market offering members a choice of trading electronically through a secured web based system or through traditional voice broking. Formerly known as commodity murabahah house bursa suq al sila which means commodities market in arabic is an initiative spearheaded by the malaysia international islamic finance center mifc.

However past scholars may have invented the term tawarruq to refer to the operation used by one who wants to acquire al wariq money uthmani 2009. 3 and the verbs derived from al wariq are not directly traceable in the arabic language.