Ithmaar Bank announces fast-track Murabaha transactions

Source24×7 News
SectorFinancial Services

MANAMA:  Ithmaar Bank, a Bahrain-based Islamic retail bank, has signed an agreement with the Bahrain Bourse allowing the Bank to utilise the Ijara Sukuks issued by the Central Bank of Bahrain (CBB) as underlying assets to complete Murabaha Finances using an innovative, Sharia-compliant brokerage service introduced by the Bourse through its electronic platform. The announcement […] more...