ADIB Securities joins Nasdaq Dubai
Dubai, May 18, 2014
ADIB Securities, the brokerage subsidiary of Abu Dhabi Islamic Bank, has become an equities member of Nasdaq Dubai, connecting its customers to new trading opportunities on the region’s international exchange.
Membership of Nasdaq Dubai will enable ADIB Securities to extend the reach of its Sharia’a-compliant trading platform, giving clients access to an exchange that is an increasingly active marketplace for Islamic securities, a statement said.
Tirad Al-Mahmoud, chief executive officer of Abu Dhabi Islamic Bank (ADIB), said: “Nasdaq Dubai‘s international profile and regulatory structure give a strong platform for ADIB’s growing Securities’ business. Our association with Nasdaq underlines the quality of our offering and helps us to extend the reach of our capital market services.”
“ADIB Securities was founded on a simple but important principle – to lead by example as a Sharia-compliant brokerage platform. It has earned the trust of its customers and partners over the years through transparency, service quality and advanced technology. Its best-in-class online e-trading platform has also been recognized across the industry. The platform provides an efficient and interactive online experience which enables customers to build their portfolios at their own pace and according to their financial goals.”
The most recent addition to Nasdaq Dubai’s market was the IPO of Emirates REIT in April, 2014, in the first listing of a Real Estate Investment Trust (REIT) on a GCC Exchange. Emirates REIT invests in Sharia’a-compliant real estate assets.
Hamed Ali, chief executive of Nasdaq Dubai, said: “The arrival of ADIB Securities on Nasdaq Dubai’s market further broadens the unique pool of regional and international investors that can easily access the exchange.” - TradeArabia News Service