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The Bahrain Financial Exchange (BFX) a multi-asset international exchange, in the Middle East and North Africa, which will be internationally accessible to trade cash instruments, derivatives, structured products and Shari’a-compliant financial instruments, announced today that it has become a member of the International Islamic Financial Market (IIFM), an international institution focused on the development of the global Islamic capital and money markets.

IIFM’s primary focus lies in the advancement and standardisation of Islamic Financial Services Industry’s documentation, wider market products, processes and the issuance of guidelines & recommendations for the enhancement and unification of the Islamic capital and money market globally.

Arshad Khan, Board Director of the BFX commented on this development, “I am delighted that the BFX is part of the IIFM.  This is an important step for the BFX so that it can utilise industry best practices and ensure that its Islamic products remain innovative and market led.  I look forward to a long and successful relationship with IIFM”.
The IIFM is an international infrastructure development body established and supported by the central banks/ regulatory authorities of Bahrain, Brunei, Indonesia, Malaysia, Pakistan, Sudan, Dubai International Financial Centre and the Islamic Development Bank, Saudi Arabia, as well as a number of regional and international financial institutions.

Notes and contacts

Narjes Yousif Press & PR Executive 00973 16 511 553

You can learn more about this press release by visiting - www.bfx.bh

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