Bursa Malaysia enhances Islamic securities selling and buying negotiated transaction framework

KUALA LUMPUR: Bursa Malaysia Bhd recently enhanced its Islamic Securities Selling and Buying - Negotiated Transaction (ISSBNT) Framework, the world’s first Shariah-compliant alternative to Securities Borrowing and Lending launched in December 2017.

In a statement today, Bursa Malaysia said the framework involves the sale and purchase of Shariah-compliant securities, which delivers the equivalent outcome of a conventional securities borrowing and lending transaction, but is structured according to Shariah principles.