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DMCC Launches 1st Commodity Murabaha Transaction On Its DMCC Tradeflow Platform

April 16 2013

DMCC Tradeflow launches electronic commodity Murabaha trading platform for the Islamic inter-bank.

Noor Islamic Bank and Commercial Bank of Dubai completed the first commodity Murabaha transaction, valued at AED 50 million. The transaction, which used assets from Ducab and ENOC, marked the official launch of the DMCC Tradeflow Islamic product portfolio.