CIMB Islamic & Petronas Sign An Inaugural Tahawwut Master Agreement
CIMB Islamic Bank Berhad (“CIMB Islamic”) and PETRONAS today signed an inaugural Tahawwut Master Agreement (“TMA”) for Shariah Compliant Commodity Derivatives. The signing of the TMA marks PETRONAS’ venture towards Shariah-compliant derivatives, making PETRONAS the first corporation in Malaysia to utilise CIMB Islamic’s Shariah-compliant commodity hedging instruments for Islamic Energy Commodity Derivative trades. The TMA […]
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