• HSBC

IslamiQ provides access to ScreenIslamiQ through leading regional portals

  • United Arab Emirates: Sunday, November 11 - 2001 at 09:59
  • PRESS RELEASE

IslamiQ - the specialized financial services provider and authority on Islamic investment services, announces an important development in the ongoing marketing and distribution of its Shari'ah based stocks screening service, ScreenIslamiQ.

ScreenIslamiQ is now featured on leading regional portals, including Maktoob.com, AMEInfo, Dubaiquiz.com, arab2invest.com and Imanlink.com, thus opening up the product to the wider Middle Eastern market.

IslamiQ, the first online company dedicated to meeting the Islamic investment and financial needs of the global Muslim community, launched ScreenIslamiQ in August 2001.

ScreenIslamiQ, identifies listed companies across US and UK exchanges that comply with Shari'ah principles. For the first time ScreenIslamiQ empowers individual investors to identify and monitor the Shari'ah status of stocks themselves, offering unprecedented coverage with access to more than 8,000 stocks.

Subscribers can opt for one of three annual subscription packages, choosing either UK or US markets or access to all markets. While ScreenIslamiQ currently covers the AMEX, NYSE, NASDAQ and LSE exchanges, IslamiQ plans to expand coverage to more markets in the near future.

"We are very pleased with this development. By cooperating with these portals, IslamiQ will secure a much wider market access for the ScreenIslamiQ service, while the portals will be able to provide a unique Islamic investment tool to their members and visitors," commented IslamiQ's CEO, Dr. Hasnita Hashim, on the tie up between IslamiQ and leading regional portals.

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IslamiQ

IslamiQ was launched in March 2000, by Dr Hasnita Dato' Hashim, one of the pioneers of Islamic investment banking. The site offers information on and access to investment products that are in line with the principles of Shari'ah law.

IslamiQ is guided by a Shari'ah board, which includes three internationally renowned Shari'ah scholars. The company has offices in Dubai, Kuwait and Kuala Lumpur.

IslamiQStocks.com was launched in August 2000 and is the first website to offer a comprehensive "stocks screening service" across several key exchanges according to Shari'ah Law.

IslamiQFunds was launched in October 2000 as part of IslamiQStocks and offers a range of Islamic investment funds in a single site. The IslamiQFunds service is the first online funds supermarket dedicated to Islamic products.

The IslamiQ Zakah Payment Gateway was launched in November 2000, providing Muslims with comprehensive information about Zakah, as well as a "Zakah Calculator". This service assists donors to pay the correct amount of Zakah, as well as allowing them to send their donations directly to a charity of their choice.

In February 2001, IslamiQ introduced, through a partnership with Trade.com, the first integrated Islamic brokerage service TradeIslamiQ, allowing IslamiQ members to screen, analyse and trade in US stocks.

IslamiQ launched ScreenIslamiQ Subscription Service in August 2001, allowing investors to verify the Shari'ah permissibility of 8,000 stocks, across the NYSE, NASDAQ, American Stock Exchange and London Stock Exchange. This is first service, which allows investors to screen their portfolio of equities according to the principles of Shari'ah.

Issued on behalf of IslamiQ by Zeidan Consultancy, Dubai, UAE,
Tel: 9714-3315725, Fax: 9714-3315724,
URL: www.zeidan.net

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