Commodity Murabahah transactions were once uncommon among Islamic banks in the country. However, all that is about to change with the Association of Islamic Banking Institutions Malaysia (AIBIM) adopting the Interbank Master Agreement for deposit-taking and placement transactions. Dubbed a world first, the document comprises the Interbank Murabahah Master Agreement (IMMA) and the master agency agreement (MAA) which will be used by the 20 member banks. AIBIM president Zukri Samat said that like any other money market product, the success....