Complex Made Simple

Qatar bank launches brokerage firm

Qatar's fourth largest bank by market value, Masraf Al Rayan has launched a subsidiary brokerage firm to buy and sell Shari'ah-compliant financial instruments for all types of investors, Gulf Times has reported. Al Rayan Financial Brokerage Co (ARB) will offer trading services in Islamic financial instruments in Qatar, and has obtained necessary licences from the Qatar Financial Markets Authority and Qatar Exchange, the company said.