MANAMA: SICO, a Bahrain-based investment bank, has signed an agreement to begin offering the Bahrain Bourse’s newly established sukuk-based murabaha service, launched in collaboration with the Central Bank of Bahrain (CBB), when conducting Islamic commodity murabaha financing transactions with sukuks as collateral.
The announcement was made in a virtual signing ceremony with representatives of SICO, the CBB and the Bahrain Bourse .