Asiamoney Plus Copying and distributing are prohibited without permission of the publisher
Asiamoney Plus watermark

Malaysia’s commodities platform highlights splits in Islamic opinion

August 18, 2010  

Bursa Malaysia’s commodity trading platform is a year old, but it is still not compliant with the tenets of the religion according to one Saudi academic institution. The divergence of opinions and the platform’s rising success reveal the tensions between traditional Islamic thought and modern commercial concerns. Chris Wright reports.

In August 2009, to considerable fanfare, Bursa Malaysia launched a new platform it claimed would be the world’s first shariah, or Islamic law-compliant, commodity trading facility.

Bursa Suq Al-Sila’, the exchange boasted, would be a multi-commodity, multi-currency, fully electronic...


Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now

Free trial

Taking a free trial will give you access to the last 30-days of content (excluding some polls & awards articles), for two weeks. Start your trial today.

Free Trial



 SYNDICATED LOANS

Rank Bookrunner Value ($m) No. %Share
1 Industrial & Commercial Bank of China - ICBC 1,160 1 16.4
1 Bank of Communications Co Ltd 1,160 1 16.4
3 State Bank of India 964 3 13.6
4 Land Bank of Taiwan 400 7 5.6
5 Maybank Investment Bank Bhd 332 1 4.7
6 AXIS Bank 236 2 3.3
7 IDBI Bank Ltd 124 1 1.8
8 HSBC 92 2 1.3
9 BNP Paribas 92 1 1.3
10 First Commercial Bank Co Ltd 65 4 0.9
Subtotal 4,623 18 65.2
Total 7,090 32 100.0


View more tables

Asiamoney Views


Upcoming events


Go To Top