IslamicFinance.de

Al Baraka Islamic Bank and Bahrain Bourse (BHB) have signed an agreement allowing the bank to buy and sell Sharia-complaint ijara sukuk through the exchange. Proceeds from the sukuk will contribute to facilitating the bank’s financing operations for its underlying clients. The agreement aims to diversify the commodities available for underlying clients when conducting a commodity-based murabaha transaction to include government-based sukuk issued by the Central Bank of Bahrain.