Murabaha Prsentation to Admore 23 Dec 20014.pptx

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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• 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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• -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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Market %id Screen

Sales Screen

#ots Price Jalue

' D ' Sale

%!07%

*oercial


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-ransaction E8ecution 1ntiation Screen

%ransaction has been successfully executed

2er Received Q xxx

Murabaha Prsentation to Admore 23 Dec 20014.pptx

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