Bahrain: Sukuk Murabaha Service Launched
Bahrain’s Central Bank and Bahrain Bourse have launched a new service for Sukuk Murabaha for customers and banks to make the necessary liquidity and lending based on Islamic Sharia principles available. The aim is to enhance the capital market in the country. The Manager of the Banking Services Department at Bahrain’s Central Bank said these kinds of product give more variety of Islamic transactions and will help increase the depth of the market and Bahrain’s position as an Islamic banking centre.