Tawarruq personal financing using Bursa Suq Al Sila’. Commodity Supplier. Bursa Suq Al-Sila’/. Trading Platform. Commodity Buyer. Facility Agent. (Sub-Agent). USPSB. (Agent / Issuer). Facility Agent. (Sale Agent). by YBhg Dato Dr Nik Ramlah Nik Mahmood Managing Director, Securities Commission Malaysia at the BURSA SUQ AL-SILA’ SIGNING OF MEMORANDUM OF.

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BSAS is another innovative offering and a world’s first for Malaysia, further strengthening its position as an international Islamic financial hub. Zarai Taraqiati Bank Pakistan.

Bursa Suq Al-Sila’ Commodity Trading Platform Launched

Wednesday, 25 Apr Volume9. The trading in Bursa Suq Al-Sila today follows the recent signing of Memorandum of Participation between Bursa Malaysia and over 26 commodity suppliers, financial institutions and trading participants three weeks ago. He can be contacted at senapatie yahoo. Islamic Finance News, 6.

Bursa Suq Al-Sila’ (BSAS) | Bursa Malaysia Market

The transaction is also done on a random basis to assure that the same commodity does not go back to the same person via a netting arrangement. Contact Us Help Centre.

The essence of Bursa Suq Al-Sila, which embraces the commodity Murabahah concept, involves one party buying commodity at a certain cost and selling it to a customer at a cost-plus-profit basis.

Thursday, 05 May Volume The issue of agency arrangement, therefore, might still arise, particularly in case of transactions involving non-members such as retail customers. Sceptics may argue that this arrangement makes the transactions tantamount to fictitious transactions. Furthermore, contract specifications are given for every single asset and are made known to all parties Mansor, To facilitate increased transaction volumes, Bursa Malaysia has tried to enrol other commodity suppliers in the platform.


Wednesday, 05 Sep Volume9. Wednesday, 27 Jun Volume9. Meanwhile, to address the issue of collusion and market manipulation in JFX Shariah, Circular III of Bank Indonesia does not allow a commodity trader member to conduct transactions with a party that acts as both the commercial member and the commodity consumer.

Displaying 1 – 50 of In the initial stage, crude palm oil will be used as the launch commodity. Thursday, 16 Jul Volume Monday, 26 Oct Volume To overcome this issue, BSAS has arranged that the sale to the commodity supplier be done on a random basis. Eventually, this will expand to other Shariah approved commodities covering both soft and hard commodities.

Thursday, 31 Mar Special Awards Report Wednesday, 08 May Volume Once acknowledged by BMIS, bursz commodity supplier will then be notified. Do you have suggestions or feedback to help us improve? BSAS is a commodity trading platform specifically dedicated to facilitate Islamic liquidity management and financing by Islamic financial institutions. Tuesday, 21 Nov Volume Pakistan considering privately placed year Sukuk; expected later this month.

Friday, 26 Jan Volume Bank Indonesia targets to more than double Islamic finance market share by Log In Sign Up. This state of affairs could lead to the same commodity being the object of multiple transactions Abu Ghuddah, Enter the email address you signed up with and we’ll email you a reset link. In fact, the mechanism of JFX Shariah is designed to make the delivery of commodities the first option in transactions to ascertain that the sale contract is real and not fictitious.


Wednesday, buursa Aug Volume On the other hand, the issue of authorization in the case of JFX Shariah is well taken care of, as the business model hursa commodity users customers to transact online and deal directly with commodity brokers. Wednesday, 03 Feb Volume Wednesday, 19 Mar Volume Wednesday, 27 Jul Volume Tuesday, 25 Oct Volume8. With regard to potential redundancy in the commodities used, BSAS provides a fully electronic system that recognizes and verifies ownership through e-certificates.

In JFX Shariah, the buyer has legal ownership over the commodity represented by the electronic certificate.

(Bursa Suq Al-Sila)

Monday, 05 Sep Volume Products Bursa Malaysia offers a holistic range of innovative Islamic Market products from equities and commodities to sukuk. Malaysias position as an Islamic financial hub was further solidified with the successful commencement of trade on the worlds first, end-to-end Shariah-compliant commodity trading platform.

Wednesday, 04 Jan Volume9: The fully electronic web based platform provides industry players with an avenue to undertake multi commodity and multi currency trades from all around the world.