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 - Jakarta Futures Exchange to start Sharia-backed commodity products

thepeninsulaqatar.com - JAKARTA: The Jakarta Futures Exchange (JFX) will launch sharia-compliant commodity contracts next week, one month behind schedule, a director at the exchange said yesterday.

The exchange will launch contracts for five agricultural products of which Indonesia is a major exporter, including coffee, cocoa and raw cashew nuts, Bihar Sakti Wibowo, a director at the exchange told reporters.

The contracts were expected to be kicked off in mid-September. (source)

INDONESIA - TRADE FINANCE - The ITFC signed a with MoU with Bank Muamalat Malaysia Berhad and two $1 million Murabaha financing agreements with Indonesian coffee exporting companies, CV Arvis Sanada and CV Ujang Jaya.

Jakarta, May, 2011: The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IDB) Group, signed a memorandum of understanding with Bank Muamalat Malaysia Berhad and two $1 million Murabaha financing agreements with Indonesian coffee exporting companies, CV Arvis Sanada and CV Ujang Jaya.

The signing took place during the “IDB Day” in Indonesia which was held by the Government of the Republic of Indonesia and the Islamic Development Bank in Ritz Carlton Hotel in Jakarta.(source)

VIDEO - HALAL - kopi luwak - civet cat (5)

Indonesia's top religious body has declared a premium coffee made from civet cat droppings fit for Muslims to drink. The proclamation has brought relief to farmers who can now continue exporting Kopi Luwak, the world's most expensive coffee. Al Jazeera's Step Vaessen reports from Lampung, Indonesia.