Sidra Capital Joins Bursa Suq Al-Sila’ as a Member>

Sidra Capital has officially joined Bursa Suq Al-Sila’ (BSAS) as a commodity trading participant, placing it alongside central banks, global commercial banks, and international multilateral financial institutions.   BSAS is a Malaysia-based commodity trading platform designed to facilitate Islamic liquidity management and financing by Islamic financial institutions. BSAS has become a leading platform for tawarruq transactions, with an average daily trading value of approximately USD 10 billion, a significant rise from USD20 million when it was launched in 2009.   “Sidra Capital is a well-established player in Islamic asset management, specializing in real estate and private finance. As we expand our footprint in the Asia-Pacific we see immense potential for Shariah-compliant solutions, having direct access to one of the most widely used platforms for tawarruq transactions strengthens our competitive edge,” said Ghassan Soufi, Vice Chairman at Sidra Capital .   “Tawarruq or commodity murabaha is a highly practical solution to shariah restrictions on financial transaction executions. As we look forward to entering further int...Sidra Capital has officially joined Bursa Suq Al-Sila’ (BSAS) as a commodity trading participant, placing it alongside central banks, global commercial banks, and international multilateral financial institutions.   BSAS is a Malaysia-based commodity trading platform designed to facilitate Islamic liquidity management and financing by Islamic financial institutions. BSAS has become a leading platform for tawarruq transactions, with an average daily trading value of approximately USD 10 billion, a significant rise from USD20 million when it was launched in 2009.   “Sidra Capital is a well-established player in Islamic asset management, specializing in real estate and private finance. As we expand our footprint in the Asia-Pacific we see immense potential for Shariah-compliant solutions, having direct access to one of the most widely used platforms for tawarruq transactions strengthens our competitive edge,” said Ghassan Soufi, Vice Chairman at Sidra Capital .   “Tawarruq or commodity murabaha is a highly practical solution to shariah restrictions on financial transaction executions. As we look forward to entering further int...{}