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.
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