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

Awards/Accolades/Achievements

Contact details