DFM issues first Islamic standards for trading
United Arab Emirates: Wednesday, March 19 - 2008 at 10:26
The Dubai Financial Market's Shariah Board has issued the first Islamic standards for trading shares of DFM companies. The establishment of such standards is in line with DFM becoming the first Islamic financial market in the world. The first standards include details about the trading of DFM-listed companies' shares in accordance with Shariah law, as well as practical implications for brokers stemming from these regulatory changes.
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Jeff Florian, Senior ReporterWednesday, March 19 - 2008 at 10:26 UAE local time (GMT+4)
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