ABG joins forces with Bahrain Bourse, CBB to offer Sukuk based Murabaha Facility

ABG joins forces with Bahrain Bourse, CBB to offer Sukuk based Murabaha Facility

Manama: Bahrain-headquartered

Islamic banking major, Al Baraka Banking Group (ABG), as part of its strategy

to offer a wide range of services and investment channels for its clientele,

has announced the launch of Islamic Commodity Murabaha financing service.

The announcement came as Al

Baraka Banking Group and Bahrain Bourse signed an agreement on September 2,

2020. The virtual signing ceremony was attended by the Group's President and

Chief Executive, Adnan Ahmed Yousif, Shaikh Khalifa Bin Ebrahim Al Khalifa, the

Chief Executive of Bahrain Bourse and Shaikh Salman Bin Isa Al Khalifa,

Executive Director, Banking Operations, representing the Central Bank of

Bahrain.

“The ABG-Bahrain Bourse

agreement is seen as a major