- A short-term instrument issued by the Central Bank.
- Structured based on the concept of Bai Al-Inah and can be traded in the Islamic Money Market (IMM) secondary market based on the concept of Bai Al-Dayn.
- A monetary policy instrument.
- Traded on a discounted basis and payable at face value on maturity.
- Tenure up to 6 months.
- High liquidity in secondary market.
- No credit risk.
