GFH signs up for Bahrain Bourse’s Murabaha service

      Published on Saturday, 27 March , 2021      526      
GFH signs up for Bahrain Bourse’s Murabaha service


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 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.

The development of the Murabaha service was in line BHB’s stated ambition to develop the investment environment in Bahrain and attract a more diverse range of participants.

“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.

Keywords:
Category Business | 2021/03/27 latest update at 11:00 AM
Source : Internet | Photocredit : Google
527
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.