BSAS is a commodity trading platform specifically dedicated to facilitate Islamic liquidity management and financing by Islamic financial institutions. Initiated as a national project, BSAS exhibits the collaboration of Bank Negara Malaysia (BNM), Securities Commission Malaysia (SC), Bursa Malaysia Berhad (Bursa Malaysia) and the industry players in support of the Malaysia International Islamic Finance Centre (MIFC) initiative. It receives close co-operation and strong support of the Ministry of Plantation Industries and Commodities through the Malaysian Palm Oil Board (MPOB), Malaysian Palm Oil Association (MPOA) and Malaysian Palm Oil Council (MPOC).
The fully electronic web based platform provides industry players with an avenue to undertake multi commodity and multi currency trades from all around the world.
This pioneering effort cements Malaysia's strength in both Islamic finance and Crude Palm Oil industry. BSAS is another innovative offering and a world's first for Malaysia, further strengthening its position as an international Islamic financial hub. In effect, BSAS integrates the global Islamic financial and capital markets together with the commodity market.
All businesses and activities of BSAS are managed by Bursa Malaysia Islamic Services Sdn. Bhd. (BMIS), a wholly-owned subsidiary of Bursa Malaysia which is regulated, transparent and fully Shariah compliant.
Should you require any further information or queries concerning BSAS please contact:
Azlan Nor Yusoh
Senior Vice President, Islamic Capital Market Operations
(603) 2034 7559
Shamsul Akmal Ahmad
Executive Vice President, Islamic Capital Market
(603) 2034 7571
Sunday to Friday
Saturday - Close for trading but open for settlement
1. Market will be closed from 1.00 p.m. to 2.00 p.m. on Friday.
2. Malaysian Time: GMT +8:00
|Sunday - Friday|
|Pre-Opening||Pre-Opening for Commodity Supplying Participants (CSPs)||07.00 AM – 09.00 AM|
|Pre-Opening for Commodity Trading Participants (CTPs)||08.50 AM – 09.00 AM|
|Trading Session||Main Trading Session||09.00 AM – 11.40 PM|
|Last Bid||11.30 PM|
|Last Matching||11.40 PM|
|Pre-Closing||Last Reporting||11.45 PM|
|Last Sell-to-BMIS||11.50 PM|
|Market Close||System Close||11.55 PM|
Consolidated Rules of Bursa Suq Al-Sila
410 KB (PDF)
[As at 26 September 2016]