IslamicFinance.de

Rasheed Al Maraj led a high profile team from the Central Bank of Bahrain on a visit to the Bahrain Financial Exchange as part of a series of visits they will be making to key businesses of the Kingdom's economy.
The meeting discussed the current position of the economy and the business environment, and the Governor reassured the Bahrain Financial Exchange of the CBB's readiness to ensure the continuity of all of Bahrain's economic sectors.

The Middle East and North Africa's (Mena) first multi-asset exchange will begin live operations on February 7 at its facility at Bahrain Financial Harbour. The Bahrain Financial Exchange (BFX) will adopt a phased approach to its trading whereby its Islamic division, Bait Al Bursa, will start its e-Tayseer platform for general use and then its conventional segment on March 7.
This two-phased approach is designed to give participants sufficient time to market and develop business in the BFX's Islamic sector in advance of launching the conventional market.

The Bahrain Financial Exchange (BFX) has employed the consultancy services of the SHAPE™ Financial Corp. SHAPE is a leading specialist in the formation of solutions for Islamic finance markets and will assist the BFX in the development of Sharia compliant Islamic finance products for listing on the Exchange. The initial work will be conducted across Islamic capital markets, Sukuks, REITs, ETFs and Murabaha sectors.