- 130,000+ trades executed on each UAE Stock Change markets
Abu Dhabi: ADIB Securities, the main Islamic brokerage agency within the UAE and a wholly-owned subsidiary of Abu Dhabi Islamic Bank (ADIB), has reported robust H1 2020 buying and selling figures, processing a considerably increased variety of transactions in what has proved to be one of the unstable intervals in UAE and worldwide stock market historical past.
ADIB Securities processed over 130,000 trades within the first six months of 2020, a rise of 26% in comparison with H1 2019. Practically 70% of those transactions have been executed by way of the agency’s digital buying and selling platform, which gives instantaneous entry to regional and worldwide markets, with purchasers favouring equities in the actual property, monetary and know-how sectors.
Khaled Kurdieh, Normal Supervisor at ADIB Securities, commented: “The first half of 2020 was extraordinary as the global pandemic triggered volatility across all asset classes. At ADIB Securities, we saw short-term traders capitalizing on market fluctuations, while long-term investors repositioned their portfolios to take advantage of the potential for higher dividend yields. During this market uncertainty, we were able to leverage our digital trading tools to protect the safety and well-being of our employees while enabling customers to trade remotely with confidence.”
Ranked the primary Islamic brokerage within the UAE, ADIB Securities gives a variety of merchandise to accompany the bank’s wealth administration providing. ADIB Securities gives a best-in-class buying and selling expertise, with intuitive buying and selling instruments, knowledgeable perception, and aggressive charges utilizing state-of-the-art know-how.
As well as, ADIB Securities’ crew of skilled professionals work carefully with purchasers to enrich the digital providing with personalised steerage. The agency permits purchasers to commerce equities on US markets, together with the New York Stock Change and NASDAQ, in addition to offering entry for purchasers to commerce on the Saudi Stock Change (Tadawul), the Center East’s largest bourse.
ADIB is a number one Islamic bank with greater than AED 122 billion in property. Established in 1997, the bank gives world-class, Sharia’a-compliant retail, company, enterprise, non-public banking and wealth administration options by means of award-winning digital channels and throughout an intensive department community. The bank has a presence in six strategic markets, together with Egypt, the place it has 70 branches, the Kingdom of Saudi Arabia, the UK, Sudan and Iraq. Its shares commerce on the Abu Dhabi Stock Change (ADX).
ADIB has greater than 2,000 workers and stays one of many main banks within the recruitment, growth and promotion of native expertise throughout all of its geographies. The bank has one of many highest Emiratization ratios and roughly 36 % of the bank’s workforce are UAE nationals.
Named ‘World’s Greatest Islamic Bank’ by the Monetary Instances’ The Banker publication, ADIB has a wealthy monitor file of innovation primarily based on a need to all the time enhance its clients’ banking expertise. Amongst different advantages, the bank’s latest digital transformation programme has led to the creation of a brand new era of technology-enhanced department, ADIB Specific, which mixes the advantages of digital banking with a highly-personalised customer support, and Specific Finance, offering qualifying clients with entry to private finance by means of a cell app in lower than 30 minutes.
For media data, please go to www.adib.ae or contact:
Head of Exterior Communications
Direct: +971 2 6910169
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