murabaha prsentation to admore 23 dec 20014.pptx
TRANSCRIPT
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8/9/2019 Murabaha Prsentation to Admore 23 Dec 20014.pptx
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ElectronicMurabaha
Market
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Who we are
• National-level exchange and the only platform that oers
commodity trading
• Regulated by SECP
• Corporate shareholding NBP !SE "SE #SE P!"C $%B#
• State of the art "% infrastructure &eb based trading platform
• %rading and clearing meets global standards
• '( hours operations
• #argest membership base across all exchanges in the country
• )iverse product portfolio
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Our Shareholding
"slamabad Stoc* Exch+ #td+, '.
!arachi Stoc* Exch+ #td+, /'.
#ahore Stoc* Exch+ #td+, 0.
National Ban* of Pa*istan , //.
Pa* !u&ait "nv+ Co+ #td+, /.
$arai %ara1iati Ban* #td+, /.
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Our Ofered Products
Pipeline
Metal:
Copper
Energy:
Brent Crude 2il
Murabaha (HSD)
inancial:
"nternational CurrencyPairs
3S E1uity "ndices
!griculture:
4ill Speci5cSugar Palm 2il
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Our Ob"ecti#e
• %o build a uni5ed central 4urabaha mar*etfor "slamic ban*s+
• #i1uid convenient and regulated platform+
• 2ptimum sharia compliance+
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PME$ Murabaha Market%ene&ts
• 6ighly li1uid 7 large 1uantities available
• 4ultiple commodities supported
• Scalable 7 electronic mar*et is open to multiple ban*s traders
24Cs bro*ers• 8overnment can participate
• Convenience of Electronic Exchange
• Regulated %rading Platform
• Price 9 Product Reliability
• %ransaction in the true spirit of sale by traders
• Better sharia compliance
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Murabaha Sharia'euireentsSharia *onditions PME$ Murabaha
%he commodity must exist at thetime of sale
Short Selling is not allo&ed
4ust be in the possession of the seller
Commodity recognition by Sharia
4ust not be used for 3n "slamic Purposes
%he sale must be unconditional
%he delivery must be certain
%he price must be certain
2pportunity for other buyers and sellersexists
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HSD Suitability +or Murabaha
Sharia *onditions PME$ HSD
%here is ample supply of the commodity
%he commodity should be Non-Perishable in nature
%he infrastructure availability for commoditystandardi:ation storage and its management
%he price information of the commodity should bereliable and easily available
%here must be an organi:ed mar*et of the underlyingcommodity
4ust not be used for 3n "slamic Purposes
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PME$ Murabaha MarketPartici,ants
• Ban*s
• P4E; Bro*ers
• 24Cs
• 8ovt
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PME$ Murabaha MarketPartici,ants
• Priary %ank: %his can be any ban* "slamicor conventional that has excess li1uidity andneeds to lend+
•
*lient %ank: %his also can be any ban*"slamic or conventional ban* &hich is in needto borro& funds to manage its li1uidity needs+
• %rokers: Bro*ers here means P4E; bro*ers
&ho have the rights to trade on P4E;+ %hey&ill act as the enablers for Ban*s and 24Cs< %raders to place bids and oers on P4E; E%S+
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PME$ Murabaha MarketPartici,ants
• -raders: %he mar*et participants &ho buyor sell the commodity in the physicalmar*et+
• OM*: %he 2il 4ar*eting Company &hoact as traders of fuel on P4E; E%S+
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PME$ 'ole
• PME$ E-S: %he P4E;=s electronic tradingsystem+
• 'e,ository syste: %he electronic record
*eeping system of inventory ledgers+• Ris* 4anagement
• Cash >o& management throughclearinghouse
• Reporting for Ban*s 24Cs Bro*ers
• %rade con5rmations
• ?uali5cation of participants
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PME$ Murabaha Market Partici,antsOM* . 'euireents
– 6ave considerably large 6S) inventory
– Can deliver physical inventories ifre1uested @"mprobableA
– ill have to use E%S daily for orderinputs• %an*s information
• )aily price communication of 6S)
• %otal 1uantity available for sale tan* &ise+
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M/'!%!H! -'!0S!*-1O0MODE2
BN!
BN!B
24C< %rader
%rader
*ash *oodity
D
'
/
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*!SH 2OW(%anking -rans+ers)
Ban*
P4E;2n Standing dviceof Bro*er
%raders
BN! B
P4E; Clearing6ouse #edger
Entries
P4E; dvice toPrimary Ban*
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*OMMOD1-3 2OW
24C
Ban*
Ban* B
Ban*
Ban* B
%rader
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Product vailable for Sale
6S)
OM* 1n#entory !#ailability (liter)
1n#entory !#ailability *on&ration ScreenMurabaha *oodity
Market
Product 6S) %otal
"nventory
6S)vailabl
e forSale
%an* D Port ?asim '
%an* ' Port ?asim '
%an* / Port ?asim '
D
%an* ( Port ?asim
/
PSO -ank !d#ice
Submit
C
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Place %id4 Ofer Screen
Murabaha *oodityMarket
Product 6S)
5ty(lots)
D @4anualA
Price D @uto FillA
6alue(P7')
D
Submit
C
D lot G D liters
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Murahaba *oodity MarketPriary %ank !rea
Select an 2ereBan*H I
#ots Price JalueD D D Buy
Ofer
Purchase Screen
%!07!
(1slaic)
D lot G D liters
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Murahaba *oodity MarketPriary %ank Screen
Ban* BKCommodity 24C 6S)
%an*s %an*D@*A %an*' @!A %an*/@*A %an*( @!A %an*@*A %an*L@!A %an*M@*A %an*0@!A %an*@*A %an*D @!A
Commodity Buy ?ty #ots
Commodity Price D
Commodity Jalue
Commodity 2er ?ty #ots @utoA
Pro5t .age D'+. pa
Commodity 2er Price D/
Commodity 2er Jalue D
Payment %enor / 4onths
Ofer to Secondary %ank Screen
Submit
%!07!
(1slaic)
K Commercial Ban*
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Murahaba *oodity MarketSecondary %ank !rea
2ering @PrimaryA Ban* "slamic Ban*
Commodity 24C 6S)
%an*s %an*D@*A %an*' @!A %an*/@*A %an*( @!A %an*@*A %an*L@!A %an*M@*A %an*0@!A %an*@*A %an*D @!A
Commodity 2ered ?ty #ots
Commodity 2ered Price D/
Commodity 2ered Jalue D
Commodity Sales ?ty #ots
Commodity Sales Price D
Commodity Sales Jalue Payment )ue )ate / 4onths
8ain
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Murahaba *oodity MarketSecondary %ank !rea
Market %id Screen
Sales Screen
#ots Price Jalue
' D ' Sale
%!07%
*oercial
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Murahaba *oodity MarketSecondary %ank !rea
-ransaction E8ecution 1ntiation Screen
%ransaction has been successfully executed
2er Received Q xxx