31 January 2009
Mubasher Islami serves as new division of Direct Broker for Financial Services

Direct Broker for Financial Services LLC (DBFS), a subsidiary of Mubasher Financial Services which operates the Mubasher Trade System across all the Gulf Cooperation Council (GCC) countries, Egypt and many other international markets, has recently announced that it has finalised the details for the launching of "Mubasher Islami", a new division to cater to the needs of investors looking to deal with Shariah-compliant securities. The new service is part of Mubasher's ongoing strategy to provide a comprehensive range of financial services for all Middle East investors.

DBFS also revealed that its existing clients could subscribe to Mubasher Islami by contacting Mubasher's call centre at 800 567 000, while new clients can simply request for the service upon the opening of a new investment portfolio. Moreover, the service is completely free of additional charges and requires no additional paperwork.

"Mubasher is pleased to offer Mubasher Islami as a groundbreaking service facility designed specifically to address the requirements of stock and financial market players who want to invest in Shariah-compliant securities. It has been our mission to constantly provide cutting-edge tools that will make it easier for players in the regional market to facilitate their investment activities," said Ibrahim Abu Gharbieh, General Manager, DBFS.

Mubasher Islami enables regional investors to enjoy a full range of Shariah-compliant services including a dedicated trading platform for Shariah-compliant shares. The new DBFS division also deals with Islamic banks through various methods including a direct link with client accounts for deposits and withdrawals. The new service offers dedicated Relationship Managers for high net worth clients; and provides investment research covering the regional shares through professional financial analysts.  

-Ends- 

About Mubasher Trade
Mubasher Trade is the first broker to offer an online trading engine in the region allowing investors to trade directly in the UAE markets and at the same time facilitates access to the other regional markets through its parent company, Mubasher Financial Services. Mubasher Trade offers a comprehensive set of services tailor made to all the different customer segments by offering advanced order placing capabilities to sophisticated and heavy traders as well as provide all the required fundamental and technical research to its investors. Mubasher Trade goes beyond to offer VIP clients and active traders dedicated relationship managers and a full set of personalized and efficient services that matches their lifestyle. Mubasher Trade is considered among the leading brokers in the UAE and have become the number one broker that executes the highest number of trades on the DFM as of recent publications from the market.

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© Press Release 2009