Thursday 08, December 2011 by
Elaf Bank joins BFX's Bait Al Bursa platform
Dr. Jamil El Jaroudi, Chief Executive Officer, Elaf Bank, said, "Joining BFX's Bait Al Bursa division brings a wide range of opportunities to Elaf Bank's stakeholders. Of our immediate aims is to streamline all our Murabaha transactions through the Exchange's liquidity engine e-Tayseer. In parallel, we will be working closely with the BFX Bait Al Bursa division in shaping up the next stage of Islamic products that the Exchange is planning to launch and to work jointly on developing the secondary market for better liquidity management in Islamic banks."
