Bahrain Bourse (BHB) has signed up local investment firm, GFH Financial Group, as a user for its Murabaha service, an online platform for Islamic finance transactions.
The Ministers of Finance of the Kingdom of Saudi Arabia, the United Arab Emirates, the State of Kuwait…
173 | the publication reaches you by | Bahrain NewsThe service was launched in May 2020. It uses shariah-compliant Ijara sukuk as the underlying asset for Murabaha transactions.GFH stated that it hopes the service will reduce processing time and enable an expansion in its trading activity.
“Bahrain Bourse is continuously seeking to offer alternative investment solutions to meet the requirements of a broader range of individual and institutional investors,” said Narjes Jamal, chief operating officer at the Bahrain Bourse.
ONE of the largest jewellery retailers, Malabar Gold and Diamonds, has launched a special collection of diamond and…
44 | the publication reaches you by | Bahrain News
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The Arab states of the Persian Gulf are the seven Arab states which border the Persian Gulf, namely Bahrain, Iraq, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE).This excludes the non-Arab state of Iran. All of these nations except Iraq are part of the Gulf Cooperation Council (GCC).
