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Bursa Suq Al-Sila’

Bursa Suq Al-Sila’ (BSAS) is a commodity trading platform specifically dedicated to facilitate Islamic liquidity management and financing by Islamic financial institutions. Initiated as a national project to address Islamic liquidity management challenges facing the industry worldwide, BSAS exhibits the collaboration of Bank Negara Malaysia (BNM), Securities Commission Malaysia (SC), Bursa Malaysia Berhad (Bursa Malaysia) and the industry players in support of the Malaysian International Islamic Financial Centre (MIFC) initiative.

BSAS is a world’s first which aims to provide industry players with a regulated framework with defined codes of conduct governing commodity trade in support of Islamic interbank placement, deposit taking, financing, profit rate swap, cross currency swap as well as sukuk issuance using the concept of Murabahah and Tawarruq. It is an initiative to further enhance the Islamic finance industry in embracing Shariah principles with the efficacy of modern technology in today’s complex financial markets.

BSAS is managed by Bursa Malaysia Islamic Services Sdn. Bhd. (BMIS), a wholly-owned subsidiary of Bursa Malaysia which is overseen by an independent Shariah Committee and conducts periodical Shariah audits on trades to ensure that the rule governing members, the Rules of Bursa Suq Al-Sila’ (Rules of BSAS) which is formulated in accordance with Shariah principles, is adhered to with the objective of upholding the integrity of the industry.

Shariah Advisor
• Prof. Dr. Ashraf Md Hashim(Malaysia)
• Dr. Shamsiah Mohamad (Malaysia)
• Prof. Dr. Younes Soualhi (Algeria)
Area of Services
Commodity trading facilitation platform that supports Islamic finance transactions including:
• Islamic Interbank Placement
• Deposit Taking
• Financing
• Profit Rate Swap
• Cross Currency Swap
• Sukuk Issuance
Awards/Accolades/Achievements
Awards
  • Best Commodity Trading Platform Asia - Global Banking & Finance Review 2017
  • Brand Excellence Islamic Commodity Trading Facilitation Platform Malaysia - Finance Digest 2017 Brand of Excellence Programme
  • Best Interbroker for Islamic Transactions - IFN Service Providers Poll 2015 & 2016
  • Best Islamic Finance Facilitation Platform Asia - Global Banking & Finance Review 2015 & 2016
  • Best Interbroker for Islamic Transactions – 10th IFN Service Providers Poll 2015
  • Best Islamic Exchange - Global Islamic Finance Awards 2015
Achievements
  • Largest trade in a day of MYR30.7 billion
  • Largest deal of MYR6.9 billion
Contact details
Bursa Suq Al-Sila’
Bursa Malaysia Berhad
Exchange Square
Bukit Kewangan
50200 Kuala Lumpur
Malaysia
http://www.bursamalaysia.com/market/islamic-markets/products/bursa-suq-al-sila-bsas/

Shamsul Akmal Ahmad
T +603 2034 7571
E shamsulakmal@bursamalaysia.com

Ahmad Wahidi Mohamad
T +603 2034 7529
E ahmadwahidi@bursamalaysia.com