IslamicFinance.de

The Bahrain Financial Exchange launched its Islamic Finance division with the establishment of Bait Al Bursa marking the creation of the region's first exchange-operated platform dedicated to Islamic finance products.
Bait Al Bursa will offer Shariah-compliant solutions to a wide range of regional and international participants.
As part of it's initial product offering, the Islamic division will introduce a fully electronic Shariah-compliant platform, e-Tayseer, for automating Murabaha transactions. e-Tayseer has been built with the Mena market in mind ensuring that its underlying assets are identifiable, and the process flow is fully Shariah-compliant addressing some of the issues in the market today. e-Tayseer offers financial institutions the option to purchase assets directly from asset suppliers to be used for their Murabaha liquidity management transactions in a secure online environment.
The BFX have started a market engagement program to meet with key Murabaha market participants in the region to explain the features of the e-Tayseer platform and to sign them as registered users of the platform. The market response is very encouraging and the BFX is confident in generating significant participation on its e-Tayseer platform upon its commencement.