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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The launch commodity is Malaysias star product, crude palm oil CPO. He can be contacted at mahbubi isra. Wednesday, 26 Oct Volume8.

Bursa Suq Al-Sila’ Commodity Trading Platform Launched

Wednesday, 31 Oct Volume9. Market will be closed from 1.

Pin Menu Click here ssuq unpin menu. Click on the orange RSS button to go to the Subscribe page. Wednesday, 04 Jan Volume9: Click here to pin menu.

Indeed, the concern over tawarruq is basically not about the essence of the contract but, rather, about several violations in its modern applications. Wednesday, 03 Feb Volume Furthermore, contract specifications are given for every single asset and are made known to all parties Mansor, Wednesday, 10 Aug Volume8.

Nevertheless, many industry players are still sceptical bursq the amount of CPO available for banks to transact, especially in the case of treasury operations, which normally involve huge transaction volumes. Wednesday, 05 Sep Volume9. Once acknowledged by BMIS, the commodity supplier will then be notified.

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Commodity suppliers such as Crude Palm Oil suppliers are also provided with an additional revenue source, says Dato Yusli Mohamed Yusoff, chief executive officer of Bursa Malaysia. In AprilBSAS added refined, bleached and deodorised RBD palm olein as a new commodity to meet greater demand from local and international players for commodity-based Islamic financing.

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

Thursday, 31 Mar Special Awards Report The two wila are claimed to provide genuine zila transactions in which possession and delivery of the commodity can take place without any hindrance, as opposed to the controversial practice of tawarruq using a platform like the London Metal Exchange LME.

Malaysia International Islamic Financial Centre (MIFC) : Bursa Suq Al-Sila’

Once ownership goes back to a supplier, all unencumbered commodities may or may not be re- offered into the BSAS market for other trades. Wednesday, 17 Aug Volume8.

Al Akhdar Bank Morocco. Wednesday, 09 Apr Volume As Bursa Suq Al-Sila is multi-currency capable, non-RM trades will be introduced in the foreseeable future to provide for international market players.

It is expected to also enhance liquidity management for Islamic Financial Institutions.

This fully-electronic platform, called Bursa Suq Al-Sila, is an international commodity platform that is able to facilitate commodity-based Islamic financing and investment transactions under the Shariah principles of Murabahah, Tawarruq and Musawwamah.


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.

(Bursa Suq Al-Sila) – Islamic Finance News

Remember me on this computer. This state of affairs aal lead to the same commodity being the object of multiple transactions Abu Ghuddah, Wednesday, 14 Oct Volume Help Center Find new research papers in: This pioneering effort cements Malaysia’s strength in both Islamic finance and Crude Palm Oil industry. Do let us know. With regard to the commodity, it is noted that many commodities used in the practice of organized tawarruq are spoiled commodities that no one would agree to purchase if they actually wanted the commodity for its own sake Al-Qara Daghi, BSAS is an Islamic commodity trading platform for the Islamic banking industry and capital market, introduced by Bursa Malaysia in This in turn will provide more choices, access and flexibility for international financial institutions to participate in this market.

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Enter the email address you signed up with and we’ll email you a reset link. The trade involves the sale and purchase of real physical assets. What is the structure of organized tawarruq and its main features?