IslamicFinance.de

Al Ramz Securities' leading role in local industry has again been reaffirmed by the introduction of the Islamic Margin Trading service, which is first for the country. The pattern of the service is similar to that of the ‘Murabaha’ type of Shariah-compliant ‘cost-plus’ financing. Using its Islamic Margin Trading scheme, the company purchases Islamic-compliant shares specifically agreed upon with the client and, after that, resells them in accordance with the Murabaha sharing concept. The payment mode is to be chosen in advance.