ABG joins forces with Bahrain Bourse, CBB to offer Sukuk based Murabaha Facility
- Date: 19-Sep-2020
- Source: 24×7 News
- Sector:Financial Markets
- Country:Bahrain
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