Sidra Capital Joins Bursa Suq Al-Sila' as a Member
SINGAPORE, May 19 (Bernama) -- Sidra Capital has officially joined Bursa Suq Al-Sila' (BSAS) as a commodity trading participant, placing it alongside central banks, global commercial banks, and international multilateral financial institutions.
BSAS is a Malaysia-based commodity trading platform designed to facilitate Islamic liquidity management and financing by Islamic financial institutions. BSAS has become a leading platform for tawarruq transactions, with an average daily trading value of approximately USD 10 billion, a significant rise from USD20 million when it was launched in 2009.
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