Bahrain-based investment bank SICO signs murabaha service agreement – ZAWYA

SourceZawya
SectorEconomy
CountryBahrain

Bahrain-based investment bank sico signs murabaha service agreement the new service will complement sico’s current murabaha facility structures    manama: sico, a bahrain-based investment bank, has signed an agreement to begin offering the bahrain bourse’s newly established sukuk-based murabaha service, launched in collaboration with the central bank of bahrain (cbb), when conducting islamic commodity murabaha financing transactions with sukuks as collateral.the announcement was made in a virtual signing ceremony with representatives of sico, the cbb and the bahrain bourse.“we are extremely pleased to be part of this platform and would like to commend the cbb and the bahrain bourse for their efforts in offering innovative solutions that support sharia-compliant asset management services,” said sico chief executive najla al shirawi.the announcement was made in a virtual signing ceremony with representatives of...read more...