Latest news with #SidraCapital
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
Yahoo
19-05-2025
- Business
- Yahoo
Sidra Capital Joins Bursa Suq Al-Sila' as a Member
SINGAPORE, May 19, 2025--(BUSINESS WIRE)--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. "Sidra Capital is a well-established player in Islamic asset management, specializing in real estate and private finance. As we expand our footprint in the Asia-Pacific we see immense potential for Shariah-compliant solutions, having direct access to one of the most widely used platforms for tawarruq transactions strengthens our competitive edge," said Ghassan Soufi, Vice Chairman at Sidra Capital . "Tawarruq or commodity murabaha is a highly practical solution to shariah restrictions on financial transaction executions. As we look forward to entering further into the Asia Pacific private credit market, access to BSAS enhances our ability to close deals more efficiently and cost-effectively," added Arif Rahim, CEO of Sidra Capital Singapore. Traditionally, tawarruq transactions in Islamic financing are facilitated through brokers or intermediaries who execute trades on global commodity exchanges such as the London Metal Exchange. The establishment of BSAS, part of the publicly listed Bursa Malaysia Berhad group, allows financial institutions to trade directly on the platform, improving efficiency by eliminating intermediaries and leveraging cutting-edge technology. Source: AETOSWire View source version on Contacts Sarah AbuzeidCorporate Communications Divisionprandmarketing@
Barnama
19-05-2025
- Business
- Barnama
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.
Yahoo
19-05-2025
- Business
- Yahoo
Sidra Capital Joins Bursa Suq Al-Sila' as a Member
SINGAPORE, May 19, 2025--(BUSINESS WIRE)--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. "Sidra Capital is a well-established player in Islamic asset management, specializing in real estate and private finance. As we expand our footprint in the Asia-Pacific we see immense potential for Shariah-compliant solutions, having direct access to one of the most widely used platforms for tawarruq transactions strengthens our competitive edge," said Ghassan Soufi, Vice Chairman at Sidra Capital . "Tawarruq or commodity murabaha is a highly practical solution to shariah restrictions on financial transaction executions. As we look forward to entering further into the Asia Pacific private credit market, access to BSAS enhances our ability to close deals more efficiently and cost-effectively," added Arif Rahim, CEO of Sidra Capital Singapore. Traditionally, tawarruq transactions in Islamic financing are facilitated through brokers or intermediaries who execute trades on global commodity exchanges such as the London Metal Exchange. The establishment of BSAS, part of the publicly listed Bursa Malaysia Berhad group, allows financial institutions to trade directly on the platform, improving efficiency by eliminating intermediaries and leveraging cutting-edge technology. Source: AETOSWire View source version on Contacts Sarah AbuzeidCorporate Communications Divisionprandmarketing@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
19-05-2025
- Business
- Business Wire
Sidra Capital Joins Bursa Suq Al-Sila' as a Member
SINGAPORE--(BUSINESS WIRE)-- 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. As we expand our footprint in the Asia-Pacific we see immense potential for Shariah-compliant solutions, having direct access to one of the most widely used platforms for tawarruq transactions strengthens our competitive edge Share 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. 'Sidra Capital is a well-established player in Islamic asset management, specializing in real estate and private finance. As we expand our footprint in the Asia-Pacific we see immense potential for Shariah-compliant solutions, having direct access to one of the most widely used platforms for tawarruq transactions strengthens our competitive edge,' said Ghassan Soufi, Vice Chairman at Sidra Capital . 'Tawarruq or commodity murabaha is a highly practical solution to shariah restrictions on financial transaction executions. As we look forward to entering further into the Asia Pacific private credit market, access to BSAS enhances our ability to close deals more efficiently and cost-effectively,' added Arif Rahim, CEO of Sidra Capital Singapore. Traditionally, tawarruq transactions in Islamic financing are facilitated through brokers or intermediaries who execute trades on global commodity exchanges such as the London Metal Exchange. The establishment of BSAS, part of the publicly listed Bursa Malaysia Berhad group, allows financial institutions to trade directly on the platform, improving efficiency by eliminating intermediaries and leveraging cutting-edge technology.
