A fully electronic trading platform dedicated to Shariah-compliant products has just been launched by Bahraini exchange BFX, which was itself only launched earlier this year. The central bank of the tiny island state will be regulating trading activity on the new platform, e-Tayseer, of the new Islamic finance division, Bait al-Bursa.
e-Tayseer, aimed at the Middle Eastern and North African markets, will initially offer automated murabaha transactions. This is the region’s first exchange-operated platform dedicated to Islamic finance products. Read more