Arab Today, arab today the cbb and the bfx host workshop for islamic banks
Last Updated : GMT 05:41:04
Arab Today, arab today
Arab Today, arab today

The CBB and the BFX host workshop for Islamic Banks

Arab Today, arab today

Arab Today, arab today The CBB and the BFX host workshop for Islamic Banks

Manama - BNA

Workshop focused on e-Tayseer which is a fully automated Shariah compliant platform launched by the BFX for the supply, purchase and sale of assets for facilitating Murabaha transactions between the financial institutions Manama, Kingdom of Bahrain - 4th July 2011: The Central Bank of Bahrain (CBB) and the Bahrain Financial Exchange (BFX) hosted a workshop on 29 June, 2011 at the CBB premises in the Diplomatic Area. All Islamic bank licensees were invited to attend this workshop. The workshop focused on e-Tayseer which is a fully automated Shariah compliant platform launched by the BFX for the supply, purchase and sale of assets for facilitating Murabaha transactions between financial institutions. The workshop was followed by a question and answer session, during which those in attendance had an opportunity to interact directly with the senior management at the CBB and the BFX. Commenting on this occasion Mr. Khalid Hamad, Central Bank of Bahrain, said, “The BFX is an integral component of Bahrain’s financial industry. It has established Bait Al Bursa as its Islamic finance division to exclusively offer exchange traded Islamic financial instruments. One key advantage of an exchange is that it does not compete with the banks and financial institutions. Instead its aim is to help the institutions in ways such as increasing accessibility, standardization, and transparency. We believe that exchange traded products such as e-Tayseer can advance Islamic finance to the next level.” The workshop was attended by around 20 representatives from the senior management team of the banks based in the Kingdom of Bahrain. Mr. Arshad Khan, Managing Director & CEO of the BFX said, “The uniqueness of the BFX is something Bahrain can take advantage of. Not only is it a multi-asset exchange, which means it can offer both conventional cash and derivatives products, it can also offer Shariah-compliant financial instruments. And with Bahrain being the hub for Islamic finance, it is most appropriate to have the leading Shariah-compliant exchange hosted in the Kingdom of Bahrain. The BFX has launched e-Tayseer to facilitate Murabaha transactions between financial institutions. e-Tayseer addresses many existing issues and also improves the way of conducting Murabaha transactions. We have worked closely with our Shariah advisors to ensure the product is Shariah-compliant, and are now working to extend the functionality of e-Tayseer to allow for corporate and retail transactions too.”  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today the cbb and the bfx host workshop for islamic banks Arab Today, arab today the cbb and the bfx host workshop for islamic banks

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today the cbb and the bfx host workshop for islamic banks Arab Today, arab today the cbb and the bfx host workshop for islamic banks

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday