Arab Today, arab today abg joins bait al bursa of bfx
Last Updated : GMT 00:53:30
Arab Today, arab today
Arab Today, arab today

ABG joins Bait Al Bursa of BFX

Arab Today, arab today

Arab Today, arab today ABG joins Bait Al Bursa of BFX

Manama - Arabstoday

The Bahrain Financial Exchange (BFX) announced that Al Baraka Banking Group (ABG) has become a registered user of Bait Al Bursa, the Islamic finance division of the BFX. BFX is the first multi-asset exchange in the Middle East and North Africa (Mena) region and Al Baraka Banking Group (ABG) is a well-known leading international Islamic financial group. The BFX Bait Al Bursa’s offerings come at an appropriate time where the Islamic market is eager for new pioneering and innovative products. e-Tayseer, Bait Al Bursa’s Murabaha liquidity management platform, is designed to make ABG scheduling and execution of their Murabaha transactions more streamlined and afford its users the benefit of reduced trade life-cycle and manual paperwork procedures resulting in savings of time and cost in executing the transactions. Additionally, it also offers a secure online environment with identifiable Shariah-compliant underlying assets located in the GCC region. Adnan Ahmed Yousif, President & Chief Executive & Member of the Board of Directors of ABG stated: “We are very pleased with our decision to become a registered user of Bait Al Bursa. Our group will benefit greatly from the advantages of its first product e-Tayseer which we trust will further strengthen our Murabaha dealings efficiencies and we wish the BFX as a whole all the best in delivering their future plans.” He added: “Innovative and pioneering initiatives like e-Tayseer will add-up to the efforts of the Islamic finance industry to achieve higher levels of excellence and sophistication.” Arshad Khan, Managing Director and CEO of the BFX and the BFX Clearing and Depository Corporation (BCDC), said: “We welcome Al Baraka Banking Group and we take pride in partnering with such a reputed and leading Islamic financial institution. The participation of ABG on the e-Tayseer platform is a significant accomplishment for the BFX.” Abdul Rahman Al Baker, Executive Director — Financial Institutions Supervision at CBB said: “We are delighted with the partnership between the Bahrain Financial Exchange and the Al Baraka Banking Group which we believe will benefit and improve the current method of conducting the Murabaha transactions by the Al Baraka Banking Group.”

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 abg joins bait al bursa of bfx Arab Today, arab today abg joins bait al bursa of bfx

 



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 abg joins bait al bursa of bfx Arab Today, arab today abg joins bait al bursa of bfx

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
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