ABG joins forces with Bahrain Bourse, CBB to offer Sukuk based Murabaha Facility
Manama, Sept. 19 -- Bahrain-headquartered Islamic banking major, Al Baraka Banking Group (ABG), as part of its strategy to offer a wide range of services and investment channels for its clientele, has announced the launch of Islamic Commodity Murabaha financing service.
The announcement came as Al Baraka Banking Group and Bahrain Bourse signed an agreement on September 2, 2020. The virtual signing ceremony was attended by the Group's President and Chief Executive, Adnan Ahmed Yousif, Shaikh Khalifa Bin Ebrahim Al Khalifa, the Chief Executive of Bahrain Bourse and Shaikh Salman Bin Isa Al Khalifa, Executive Director, Banking Operations, representing the Central Bank of Bahrain.
"The ABG-Bahrain Bourse agreement is seen as a major boost t...
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