Collateralised Murabahah is essentially a Shariah-compliant financing secured by assets in which the financier has the right to sell the asset should the client fail to repay the financing. It combines the widely accepted Murabahah financing transaction with Sukuk that forms as the pledged asset to back the transaction. (source)
The Collateralised Murabahah will be a new low credit-risk financial instrument that enables collateralised interbank transactions in the Islamic Money Market in Malaysia. It will add diversity to the existing liquidity management tool and further promotes greater liquidity in the Islamic financial market.
Collateralised Murabahah can be used by Islamic financial institutions to obtain liquidity from the Bank under the standing facility and it will also be expanded to facilitate daily Islamic money market operation in the interbank market.
Bank Negara Malaysia
30 May 2012
30 May 2012
Source: http://www.bnm.gov.my/index.php?ch=en_press&pg=en_press_all&ac=2468&lang=en - May 30, 2012
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