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 - BANKING - Indonesia Islamic Financial World Ranking 4

Jakarta (14/10) - Indonesia has a proud achievement in Islamic finance. Country Index is based on Islamic Finance, Islamic financial industry was ranked fourth of the world Indonesia. Indonesia's position was under Iran, Malaysia, and Saudi Arabia.

"This ranking is quite encouraging because we are under major countries such as Kuwait, United Arab Emirates, and England," said Director of the Directorate of Islamic Banking Bank Indonesia, Mulya E Siregar, while giving a speech at the launch of commodity sharia in Jakarta, Thursday (13 / 10).  (source)

INDONESIA - CAPITAL MARKETS - JFX Target Commodity Transaction Achieving Sharia Rp 5 M

Jakarta (14/10) - Jakara Futures Exchange (JFX) or targeting the Jakarta Futures Exchange at an early stage in the last 3 months of this year, Islamic commodity transactions could reach USD 5 billion per day. This was said by M. Bihar Sakti Wibowo, Director JFX on the sidelines of the launch of Islamic commodity in Jakarta, Thursday (13/10).  (source)

INDONESIA - CAPITAL MARKETS - 3 Ready Commodity Commodity Exchange Traded on Sharia

Jakarta (14/10) - Of all the commodities that are in Indonesia, three new commodity exchange-traded commodities ready for sharia, namely coffee, cashew nuts, and cocoa. This is because the requirement for the commodity sharia minimum of every commodity traded by the three traders and three commodities are already eligible.  (source)

INDONESIA - CAPITAL MARKETS - Launch Islamic Commodity Market

Jakarta (14/10) - The presence of Islamic Commodity exchanges will contribute interconnected economy mean for Indonesia. This was disclosed, Trade Minister Mari Elka Pangestu, while giving a speech at the launch of Sharia Commodity exchanges in Jakarta, Thursday (13/10).  (source)