Learn about one of the most dominant Islamic finance product and how it is applied in the Islamic banking industry in Malaysia.
Commodity Murabahah, also commonly known as Tawarruq, is one of the dominant Islamic finance product in Malaysia’s Islamic finance landscape. It is a debt financing structure, ie, a structure that creates liquidity and debt obligation, which consist of multiple Shariah contracts. Commodity Murabahah transaction is also supported by various Shariah compliant commodity trading platforms which serves to provide the required underlying assets to facilitate the Commodity Murabahah transactions.
Join Dr Syed Adam as he touches on the basics of Commodity Murabahah and how it is applied in the Islamic banking industry in Malaysia. Understanding the concept of Commodity Murabahah will certainly be useful and insightful for Islamic finance practitioners in ensuring that a Commodity Murabahah is not tainted with Shariah non-compliance.
Dr Syed Adam Alhabshi is a partner at Raja, Darryl & Loh and heads its Islamic Finance Practice group. He holds a PhD in Islamic Finance from the International Centre for Islamic
Finance Education (“INCEIF”) (2016). He also holds a Chartered Islamic Finance Professional (“CIFP”) certificate from INCEIF (2010), and read law at the International Islamic University of Malaysia (“IIUM”) (2006).
Dr Syed Adam is currently the Honorary Secretary and a Grand Council Member of the Chartered Institute of Islamic Finance (“CIIF”). Professionally, he is also qualified as a Chartered Professional in Islamic Finance (“CPIF”). Dr Syed Adam is also the Internal Auditor and an Associate Member of the Association of Shariah Advisors in Islamic Finance Malaysia (“ASAS”). He currently sits on the Bar Council Islamic Finance Committee as the Co-Chairperson.
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