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GFH inks agreement with Bahrain Bourse, CBB to join Murabaha service

GFH inks agreement with Bahrain Bourse, CBB to join Murabaha service
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Mubasher: GFH Financial Group has entered into an agreement with Bahrain Bourse (BHB) and the Central Bank of Bahrain (CBB) to provide its clients with the Murabaha service.

Launched by BHB in May 2020, the Murabaha service will be offered through the deployment of Sharia’a-compliant Ijara Sukuk, according to a press release on Wednesday. 

The agreement will enable GFH to have access to the Murabaha online service to support its continued growth of treasury and capital markets business activities. 

This service provides Sharia’a-compliant solutions and trading opportunities and reduces processing time for its clients. 

The Chief Operating Officer of GFHSalah Sharif, said: “Access to the platform is another important step among our broader efforts to further build our trading activities and the service will provide us with new opportunities and greater efficiency as we do so.”

The Chief Operating Officer of Bahrain BourseNarjes Jamal, commented: “Bahrain Bourse is continuously seeking to offer alternative investment solutions to meet the requirements of a broader range of individual and institutional investors.”

GFH is listed on BHB, Boursa Kuwait, and the Dubai Financial Market (DFM).