Dubai Financial Market (DFM) announced that “Al Safwa Islamic Financial Services”, “Global for Shares & Bonds”, “Al Fardan Financial Services”, “Al Brooge Securities” and “Al-Sharhan Stock Center” have been accredited to provide Margin Trading, lifting the total number of DFM brokerage firms providing this service to 24 companies.
Margin Trading permits brokerage companies to fund a percentage of the market value of securities traded, and secure as collateral for the same securities or any other collateral as required by the SCA’s license.
DFM is currently processing similar applications from other brokerage firms in collaboration with the Securities and Commodities Authority (SCA).
For further information, please contact:
Vice President- Head of Media & Public Relations
Dubai Financial Market
Email: [email protected]
Tuesday, August 5- 2014 @ 13:02 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.