MALAYSIA - FINANCE - Bank Negara introduces new Islamic instrument

www.theborneopost.com -KUALA LUMPUR: Bank Negara yesterday announced introduction of a new Islamic monetary instrument, Collateralised Murabahah.
It
said Collateralised Murabahah was essentially a syariah-compliant
financing secured by assets in which the financier had the right to sell
the asset should the client fail to repay the financing.
“It
combines the widely accepted Murabahah