The signing of the TMA marks PETRONAS’ venture towards syariah-compliant derivatives.
PETALING JAYA: CIMB Islamic Bank Bhd and Petroliam Nasional Bhd (PETRONAS) have signed an inaugural Tahawwut Master Agreement (TMA) for syariah-compliant commodity derivatives.
The signing of the TMA marks PETRONAS’ venture towards syariah-compliant derivatives, making it the first corporation in Malaysia to utilise CIMB Islamic’s syariah-compliant commodity hedging instruments for Islamic energy commodity derivative trades.
