Dr. Kharbash inaugurates new office of Al Islami Financial Services
The office offers investors access to trading in DFM and ADSM
Dubai, July 3, 2005: Al Islami Financial Services (IFS), a Dubai Islamic Bank (DIB) subsidiary, has announced the opening of a new office to conduct remote trading in both Dubai Financial Market (DFM) and Abu Dhabi Securities Market (ADSM).
The office, which one of the first to offer remote trading in UAE, will offer investors Shariah compliant brokerage services to buy and sell local securities through a fully automated system linked with DFM and ADSM. The new office also includes an advanced call center, a trading room, and a special area for ladies.
The office, located in Al Murooj Building on Shaikh Zayed Road, Dubai, was inaugurated by Dr.Mohammed Khalfan Bin Kharbash, Minister of State for Finance and Industry and Chairman of Dubai Islamic Bank. Essa Kazim, Director General of Dubai Financial Market, was also present at the opening ceremony.
Dr. Kharbash said: “The launch of IFS’s new office is part of the bank’s plan to provide the diverse customer base of DIB and other investors a capability to invest in the UAE capital market. Investors are now afforded the privilege of conducting their transactions in complete privacy and comfort in a professional environment devoted to meet their financial needs and requirements.”
He added: “The step signals a new era in offering advanced brokerage services with the best possible access to swift, easy and secure transactions. It will help investors to manage their money in every possible way.”
