Tag Archives: Islamic Money Mart

Bursa Suq to Boost Trading Value in Islamic Money Mart

Bursa Suq

Bursa Suq Al-Sila’ is a trading platform of commodities. It facilitates Islamic liquidity management and the financing done by the Islamic banks. It is a fully electronic program and is web based. It provides the industry players an avenue so that they can indulge in multi-commodity and multi-currency trade all around the globe. BURSA Malaysia Bhd has announced that it’s new trading platform Bursa Suq Al-Sila’ will improve the present trading value in the internal Islamic market. Chief executive officer of Bursa Suq, Datuk Seri Yusli Mohamed Yusoff said that the total value of trade in the total Malaysian market is almost a few billion ringgit per day. He also told that currently Bursa Suq accounts for only a small percentage of this total trade value. He also hopes that they will soon be able account for a higher percentage with their new platform and he thinks the demand is already present.