Emirates Islamic Financial Brokerage Ranked Top Broker For December At Dubai Financial Market
Achieves 11% market share of total value of December trades on DFM
Achieves 11% market share of total value of December trades on DFM
Opens the largest number of new brokerage accounts in December
Emirates Islamic Financial Brokerage (EIFB), the brokerage arm of Emirates Islamic Bank, announced today that it had been ranked the top broker for the month of December 2012, from among 50 listed brokers at Dubai Financial Market (DFM). The rankings are based on the trading value during the month.
During December 2012, EIFB achieved around 11 per cent market share of the total value of trades at approximately AED 627 million, and also opened 540 new accounts, the largest number opened in that month. The high trading percentage of market share was achieved despite the fact that Emirates Islamic Financial Brokerage deals only in Sharia-listed securities and does not trade conventional securities.
“We are delighted to have been ranked the top broker at DFM last month as this is clear evidence of our continued effort and commitment to providing Shari’a compliant investment services for our clients,” said Jamal Bin Ghalaita – Chairman Emirates Islamic Financial Brokerage. “The top ranking has been achieved despite a difficult economic environment both globally and regionally, and clearly underlines the growing interest among investors in Sharia-listed securities.”
“Achieving the top broker rank is a great encouragement for us, because it is a strong indication that our policies and strategies have been on the right track,” said Hussein Mourad, General Manager, EIFB. “We aim to continue working with our individual, corporate and institutional clients to offer them innovative and market-leading investment and financial products that are tailored to meet their specific needs.”
A world class brokerage company rooted in Islamic values, EIFB, a wholly owned subsidiary of Emirates Islamic Bank, provides customised, Sharia’-based financial solutions for leading individuals and organisations. While the current focus is in the UAE securities markets, EIFB also plans to expand its services to the other vibrant markets in the region.
Emirate: Dubai
Date: Jan 15, 2013
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