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NASDAQ Dubai launches gold securities

Posted on 03 March 2009

From IHT: Trading of the Middle East’s first Islamic-law compliant, gold-backed, security began Monday in one of Dubai’s two exchanges, marking a new push to further tap into the lucrative Sharia-compliant financial market that has better weathered the global economic meltdown than conventional equities markets.

The Dubai Multi Commodities Centre, one of two groups behind the securities’ launch, said in a statement that the Dubai Gold Securities represents the first exchange traded commodity on NASDAQ Dubai….. Full Article: Source


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