Latest news with #BursaSuqAl-Sila
The Star
19-05-2025
- Business
- The Star
Sidra Capital joins Malaysia's Bursa Al-Sila' to boost Islamic finance reach
KUALA LUMPUR: Sidra Capital has officially become a commodity trading participant on Bursa Suq Al-Sila' (BSAS), Malaysia's premier Islamic commodity trading platform. The move positions Sidra Capital alongside central banks, international financial institutions, and global commercial banks. "Sidra Capital is a well-established player in Islamic asset management, specialising in real estate and private finance. "As we expand in the Asia-Pacific region, direct access to BSAS strengthens our competitive edge in offering Shariah-compliant solutions,' said its Vice Chairman Ghassan Soufi in a statement. Meanwhile, Sidra Capital Singapore Chief Executive Officer Arif Rahim said direct access to BSAS enhances its ability to execute private credit transactions more cost-effectively by removing intermediaries. BSAS is a key platform for Shariah-compliant liquidity management, particularly for tawarruq (commodity murabaha) transactions. Since its launch in 2009 with a daily trading volume of just US$20 million, BSAS has grown significantly, now averaging approximately US$10 billion in daily trades. (US$1=RM4.28) Previously, such trades were typically executed through brokers on global commodity exchanges such as the London Metal Exchange. BSAS, part of Bursa Malaysia Berhad , eliminates the need for traditional brokers and leverages advanced trading technology to streamline Islamic finance transactions, offering institutions greater speed and transparency. - Bernama
The Star
07-05-2025
- Business
- The Star
Bursa Malaysia to close on May 12 for Wesak Day holiday
KUALA LUMPUR: Bursa Malaysia and its subsidiaries will be closed on May 12, in conjunction with the Wesak Day public holiday. 'Bursa Malaysia and its subsidiaries will resume operations on May 13,' the stock exchange operator said in a statement. Bursa Gold Dinar primary marketplace and Bursa Suq Al-Sila' will remain open for trading on the public holiday.
New Straits Times
07-05-2025
- Business
- New Straits Times
Bursa Malaysia closed on May 12 for Wesak Day
KUALA LUMPUR: Bursa Malaysia Bhd and its subsidiaries will be closed on Monday, May 12, in observance of the Wesak Day public holiday. In a statement today, the exchange said operations will resume on Tuesday, May 13. "Nonetheless, Bursa Gold Dinar primary marketplace and Bursa Suq Al-Sila' will remain open for trading on the public holiday," it added.
New Straits Times
28-04-2025
- Business
- New Straits Times
Bursa Malaysia to close on May 1 for Labour Day
KUALA LUMPUR: Bursa Malaysia Bhd and its subsidiaries will be closed on Thursday, May 1, in conjunction with the Labour Day public holiday. In a statement, the exchange said operations will resume as normal on Friday, May 2. "Nonetheless, Bursa Gold Dinar primary marketplace and Bursa Suq Al-Sila' will remain open for trading on the public holiday," it said.
New Straits Times
28-04-2025
- Business
- New Straits Times
Bursa Malaysia to close on May 1 for Labour Day public holiday
KUALA LUMPUR: Bursa Malaysia Bhd and its subsidiaries will be closed on Thursday, May 1, in conjunction with the Labour Day public holiday. In a statement, the exchange said operations will resume as normal on Friday, May 2. "Nonetheless, Bursa Gold Dinar primary marketplace and Bursa Suq Al-Sila' will remain open for trading on the public holiday," it said.
