GFH Financial Group Signs Agreement with Bahrain Bourse and CBB to Access Online Murabahah Services

Bahrain-based Islamic investment bank GFH Financial Group (GFH) has signed an agreement with Bahrain Bourse (BHB) and the Central Bank of Bahrain (CBB) on the 24th of March 2021 to gain access to Murabahah services. Launched by BHB in May 2020, the online platform offers services through the use of Shariah-compliant Ijara Sukuk as the underlying asset for Murabahah transactions.

Why it Matters?

These Shariah-compliant solutions and trading opportunities will aid the continued growth of GFH’s treasury and capital markets business activities, which is its key business line. The Murabahah service will also substantially bring down processing time for customers, while supporting Bahrain’s standing as the global capital of the Islamic economy....