Entries in English and Malay (Bahasa Melayu)

Thursday, 31 May 2012

Central Bank of Malaysia (Bank Negara) introduces new Islamic instrument

KUALA LUMPUR: Bank Negara Malaysia announced introduction of a new Islamic monetary instrument, Collateralised Murabahah.

It said Collateralised Murabahah was essentially a syariah-compliant financing secured by assets in which the financier had the right to sell the asset should the client fail to repay the financing.

“It combines the widely accepted Murabahah financing transaction with sukuk (Islamic bond) that forms the pledged asset to back the transaction,” it said in a statement.

The central bank said Collateralised Murabahah would be a new low credit-risk financial instrument that enables collateralised interbank transactions in the Islamic money market in Malaysia.
“It will add diversity to existing liquidity management tools and further promote greater liquidity in the Islamic financial market,” it said.

Collateralised Murabahah could be used by Islamic financial institutions to obtain liquidity from Bank Negara under the standing facility and it would also be expanded to facilitate daily Islamic money market operations in the interbank market, it added.

(Borneo Post Online / 31 May 2012)

Alfalah Consulting - Kuala Lumpur:
Islamic Investment Malaysia:

No comments:

Post a Comment

Latest Posts

Upcoming Events on Islamic Finance, Wealth Management, Business, Management, Motivational

Alfalah Consulting's facebook


Alfalah Consulting is NOT providing any kind of loan to finance project etc and asking for a fee. If you've received any email claiming to be from Alfalah Consulting, offering loan to you, please ignore it or inform us for further actions. Our official email is If you've received an email from, that's NOT from us. Be cautious!