UK-based Islamic financial intermediary Eiger Trading, who specializes in electronic trading and asset facilitation for the global Murabaha market, recently undertook a successful Sharia’a site visit to one of its commodity inventory locations in the GCC, the Arabian Sugar Company, Bahrain.

Representing Eiger Trading were Tom Guest, Associate Director and Head of Global Marketing, and Mohamed Ali, GCC Consultant, who were accompanied by the firm’s independent Sharia’a adviser, Dr. Mohamed Elgari, in order to conduct a thorough review of physical trading practices, and to ensure that the processes and procedures for Murabaha transactions using Arabian Sugar’s inventory are fully Sharia’a-compliant.