Bank Negara Malaysia is pleased to announce the execution of a Commodity Murabahah agreement with CIMB Bank Berhad, London on 20 June 2007.  The Commodity Murabahah Programme (CMP) introduced by Bank Negara Malaysia in March this year, is part of the diverse range of policy instruments in managing short-term liquidity in the Malaysian Islamic interbank money market.

Commodity Murabahah is a cash deposit product based on the globally accepted Islamic concept of underlying commodity transactions to facilitate liquidity management and investment. The CMP is a commodity-based transaction that utilizes crude palm oil based contracts as the underlying asset. To date, Bank Negara Malaysia has executed master agreements with eight islamic banking institutions in Malaysia and one in Saudi Arabia.