MALAYSIA - COMMODITY MARKETS - Bursa Suq Al-Sila offers palm olein trading

www.btimes.com.my - The world's first end-to-end Syariah-compliant commodity trading platform, Bursa Suq Al-Sila' (BSAS), has added RBD Palm Olein as a new commodity offering.

In a statement today, Bursa Malaysia said this would provide more diverse product offerings for clients trading on the BSAS platform.

"The inclusion of RBD Palm Olein complements BSAS's existing commodities, namely Crude Palm Oil and Plastic Resin," it said. (source)

INDONESIA - TRADE FINANCE - Move towards more trade between MENA and East Asia

A number of new initiatives have given Islamic trade finance and export credit insurance a major boost. MUSHTAK PARKER explains Trade facilitation between member countries of the Organisation of Islamic Cooperation (OIC), especially the Middle East and North Africa (MENA) states, and an increased role for Islamic trade finance and export credit insurance, is set for a major boost. This is due to the launching of several new initiatives and the fact that the stated target for intra-Islamic trade of 20 per cent of the total trade of OIC countries has been achieved. (source)

INDONESIA - CAPITAL MARKETS - Home / Economy / Islamic Finance / Indonesia to press ahead with issuance of sovereign sukuk Indonesia to press ahead with issuance of sovereign sukuk

Indonesia, the most populous Muslim country and potentially the largest market for Islamic finance, has received a major boost to press ahead with the issuance of its proposed benchmark global Islamic trust certificates (sukuk) which will be issued by Perusahaan Penerbit SBSN Indonesia II (PPSI II), a special purpose vehicle (SPV) on behalf of the Ministry of Finance of Indonesia. (source)

BANKING - Maybank and CIMB in and about Indonesia

The Islamic financial oasis

How Malaysia strives to attract foreign players while going beyond borders

Datuk Seri Abdul Wahid Omar

KUCHING: With many innovations happening in the nation’s Islamic financial sector, it is just natural for the industry to attract many foreign players into the market.