Sharjah Islamic Bank officially launched its brokerage services subsidiary - Sharjah Islamic Financial Services L.L.C. (SIFS) in an opening ceremony held yesterday under the patronage of HH Shaikh Abdallah Bin Salem Al Qassimi, Chairman of the Amiri court in Sharjah.
SIFS offices are available to customers and stock market investors through their main office in Sharjah Expo Center and the representative office in the Dubai Financial Market.
The company was developed after market analysis showed a lack of Shariah focused stock market services, even with the increasing popularity of Islamic banking. SIFS offers Islamic Shariah approved shares and sukuk trading at the highest international standards of service.
Mr. Hussain Al Qemzi, CEO of SIB commented: 'It gives me great pleasure to announce SIB's developments in the brokerage industry which comes soon after our successful entry into the Hotel and Tourism sector. This forms a part of our expansion scheme which includes a greater number of delivery channels for our customers, strengthening and improving our existing operations and extending our operations into various industry sectors.'
SIFS is a unique development in the market with a number of competitive edges which differentiate it from the other existing services. SIFS is one of the first companies to allow trading in securities through Abu Dhabi & Dubai Financial Markets simultaneously. DFM and ADSM investor account opening and transfers can be done from SIFS premises together with online trading services available to customers to facilitate the trade of their stocks from anywhere in the world using state of the art technology.
SIFS has taken a step forward in providing privacy for businesswomen by allocating a ladies section is also provided at its headquarters office in Sharjah Expo Center. This service is being provided keeping in mind the increasing number of UAE'S women investors.
SIB is also in the process of establishing a Banking Counter at their Brokerage Office in Expo Centre for the convenience of SIFS customers. Several new leveraging products to back SIFS investors are being designed to ensure the highest level of service and facilities are provided to our customers to meet and exceed their expectations.
-Ends-
Maria Rosa Cahya Indah
PROMAX MIDDLE EAST
Tel.: +971 (0) 42826411
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© Press Release 2006
