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| Sell and Buy Back Agreement-i |
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• SBBA-I is an Islamic Money Market transaction between the seller (owner) and buyer (investor) of an Islamic Money
Market (IMM) instrument based on similar to Bankers Acceptance, formulated based the Shariah concept of Al-
Murabahah, where :-
• Seller sells the instruments to the buyer for cash to funding purposes and the buyer buys them for investment
purposes.
• Simultaneously, the buyer promises to sell back the instruments to the seller at a specified price on a specified future
date agreed by both parties. The difference between the selling price and future buying represent the return to the
investor.
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