Press Releases

Badr Al-Islami launches new Shariah compliant product

Business Times, December 10, 2006

Dubai - Badr Al Islami has announced the launch of a new Shariah compliant product which avails financing services for it customers who wish to trade in shares listed in Dubai and Abu Dhabi stock exchanges.

Badr Al Islami managed to secure approval of its' Shariah Board for this innovative product, which is the first of its' kind in the UAE. Mobasher Khokhar, CEO of Badr Al Islami said: "The success of any Islamic finance company is based on innovation and introduction of new services, keeping in line with Islamic Banking rules and regulation. We believe this new services will be successful for it gives the investors the flexibility and strength to invest in the stock market".