Showing posts with label monetary notes. Show all posts
Showing posts with label monetary notes. Show all posts

Tuesday, June 21, 2011

MALAYSIA - Introduction of Bank Negara Monetary Notes-Istithmar

Bank Negara Malaysia wishes to announce the introduction of a new Islamic monetary instrument, the Bank Negara Monetary Notes-Istithmar (BNMN-Istithmar). 

Issuance of BNMN-Istithmar is based on the Istithmar (investment) concept which refers to portfolio investments into a combined structure of sale and lease-back of assets (Ijarah) and commodity mark-up sale transaction (Murabahah).(source)