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Showing posts with label Commodity Murabahah. Show all posts
Showing posts with label Commodity Murabahah. Show all posts

Wednesday, August 4, 2010

Commodity MURABAHAH trading

Attended the 7th Kuala Lumpur Islamic Finance Forum (KLIFF) at Nikko Hotel.

During the Last Session of KLIFF 2010 - SHARIAH DIALOGUE: a question was posed to the Shariah Panelists on stage on the issue of Commodity Murabahah Trading vis-a-vis the CPO trading platform introduced by Bursa Malaysia. The panelists consists of Sheikh Essam Ishaq (Bahrain),Dr. Mohammed Abdul Rahim Sultan (UAE), Dr. Mohd Daud Bakar (IIIF-Malaysia)and Dr. Engku Rabiah Adawiah (IIUM-Malaysia). Akram Laldin ( ISRA - Executive Director) was the Moderator.

* Commodity Murabahah Trading (CMT)

* Food-based & Non-Food based (e.g. Crude Palm Oil-CPO, Gold, Silver etc)

* Food-based (e.g. Banana), MUST take delivery 1st prior to trading/
NON-FOOD based, NEED NOT take delivery for CMT