Sidra Capital Joins Bursa Suq Al-Sila’ as a Member

Sidra Capital has officially joined Bursa Suq Al-Sila’ (BSAS) as a commodity trading participant, placing it alongside central banks, global commercial banks, and international multilateral financial institutions.

BSAS is a Malaysia-based commodity trading platform designed to facilitate Islamic liquidity management and financing by Islamic financial institutions. BSAS has become a leading platform for tawarruq transactions, with an average daily trading value of approximately USD 10 billion, a significant rise from USD20 million when it was launched in 2009.

“Sidra Capital is a well-established player in Islamic asset management, specializing in real estate and private finance. As we expand our footprint in the Asia-Pacific we see immense potential for Shariah-compliant solutions, having direct access to one of the most widely used platforms for tawarruq transactions strengthens our competitive edge,” said Ghassan Soufi, Vice Chairman at Sidra Capital .

“Tawarruq or commodity murabaha is a highly practical solution to shariah restrictions on financial transaction executions. As we look forward to entering further into the Asia Pacific private credit market, access to BSAS enhances our ability to close deals more efficiently and cost-effectively,” added Arif Rahim, CEO of Sidra Capital Singapore.

Traditionally, tawarruq transactions in Islamic financing are facilitated through brokers or intermediaries who execute trades on global commodity exchanges such as the London Metal Exchange. The establishment of BSAS, part of the publicly listed Bursa Malaysia Berhad group, allows financial institutions to trade directly on the platform, improving efficiency by eliminating intermediaries and leveraging cutting-edge technology.