citigroup-offers-more-islamic-financing-options

Citigroup offers more Islamic financing options

The bank launches commodity Murabaha investment and Islamic hedging products in Singapore.
Citigroup launched new commodity Murabaha investment products in
various currencies, including US dollar, euro, sterling and Singapore dollar on Wednesday this week. The bank also launched a new range of Islamic treasury hedging solutions for Singapore and the Asia-Pacific region.

Commodity Murabaha investment is an investment and financing product that constitutes almost 70% of Islamic short- and medium-term money market transactions in the Middle East. Citigroup will offer Islamic equivalents of interest rate swaps, FX forwards and cross currency swaps through its Islamic Treasury Hedging Solutions to ensure that clients have a wide range of instruments that allow them to hedge their market risks in a Sharia-compliant way.

These new products, billed as firsts...
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