Solar 29-11-2020 14:05 PM
ABU DHABI, 29th November, 2020 (WAM) — ADIB Securities, a Sharia compliant brokerage agency within the UAE and a wholly-owned subsidiary of Abu Dhabi Islamic Bank, reported sturdy transaction volumes on its US buying and selling platform in the course of the first 9 months of 2020 in comparison with the identical interval of 2019, regardless of essentially the most risky durations in worldwide stock market historical past.
During the last ten months, ADIB Securities has quadrupled its customer-base for these buying and selling US stocks; and which has helped it triple its income in 2020 for the US desk. Favorite shares being traded by clients embody: Tesla, Microsoft, Pfizer, Fb, Nike and many others.
Khaled Kurdieh, General Supervisor at ADIB Securities, commented, “We proceed to give attention to serving clients, upgrading our methods and increasing our consumer base past the UAE to enhance our dedication to offering a common sharia compliant buying and selling platform with cutting-edge applied sciences. Our purchasers can now entry over 1,200 US sharia compliant stocks. This may help people diversify their investments into different markets. We’ve seen constructive outcomes from this initiative, because the demand to commerce sharia US equities has elevated fourfold.”
Kurdieh acknowledged that ADIB Securities affords entry to US equities listed on the 2 largest exchanges on the planet; the New York Stock Change and the NASDAQ, which lists among the world’s most valued and outstanding firms.
WAM/Rola Alghoul/Binsal AbdulKader