Thursday 28 Mar 2024
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KUALA LUMPUR (July 16): Affin Hwang Investment Bank Bhd (Affin Hwang IB) is the first bank to be approved by Bursa Malaysia as an approved supplier and user under the Islamic Securities Selling and Buying Negotiated Transaction (ISSBNT) model, launched by Bursa.

As a Bursa-approved supplier and user, Affin Hwang IB can undertake the buying and selling of shariah-compliant securities for its own account, as well as administer large beneficial owners ISSBNT activities as an agent (Wakalah).

The new model is developed by Bursa to provide a more facilitative trading environment, enabling hedging and risk management strategies, increasing market liquidity and making it more attractive for Shariah-compliant market participants.

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