VOL. XLVI

No 29

21-July-2003

BAHRAIN

CAPITAL MARKETS

BMA And LME Sign Agreement To Develop Islamic Metals Transactions

The Bahrain Monetary Agency (BMA) and the London Metal Exchange (LME) announced on 5 July that they have signed an agreement for the LME to assist the BMA in developing contracts and documents that could be used by Islamic financial institutions (IFIs) for conducting transactions in the metals traded on the LME. The memorandum of understanding (MoU), which was signed in London by...