Al Islami Financial Services (IFS), a subsidiary of Dubai Islamic Bank (DIB), announced the opening of a new office yesterday to conduct remote trading on the Dubai and Abu Dhabi stock markets.
The office, which is one of the first to offer remote trading in UAE, will offer investors Sharia-compliant brokerage services to buy and sell local securities through a fully automated system linked with the Dubai Financial Market (DFM) and Abu Dhabi Securities Market (ADSM).
The new office also includes an advanced call centre, a trading room, and a special area for women.
The office, located in the Al Murooj Building on Shaikh Zayed Road, was inaugurated yesterday by Mohammad Khalfan Bin Kharbash, Minister of State for Finance and Industry and Chairman of Dubai Islamic Bank. Eisa Kazim, Director General of Dubai Financial Market, attended
"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." Kharbash said.
"The financial markets are witnessing a tremendous growth in the number and volume of transactions. The new office will help fulfil the financial needs of investors through an advanced brokerage system offering convenience and hassle-free trading. The office will also support the strategies adopted by DFM in creating new channels of trading," he said.
IFS is supported by its parent Dubai Islamic Bank, a key Islamic finance institution in Dubai.
"IFS's mission is to provide its customers with the most efficient brokerage related services available in the country," IFS chief executive Ali Abdeen said.
The call centre will operate from 8am to 4pm. A team of female professionals will be available at the office to deal with the financial services of women clients.
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