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Swift Murabaha Wins AAOIFI Certification

Thu, 2010-11-25 10:52 — newsdesk

SWIFT said the certification would pave the way towards the automated processing of Murabaha treasury transactions, which reportedly represented 60 per cent of all Islamic financing.

Over 240 Islamic banks representing 84 per cent of global syariah-compliant assets are members of SWIFT.

Technical details:
http://www.swift.com/solutions/by_business_area/islamic_finance/index.page
Contact:
Asim Butt, asim.butt@swift.com

Source: 

http://www.bernama.com/bernama/v5/newsbusiness.php?id=545406