Sharjah Islamic Bank (SIB) on Wednesday launched “Shares Murabaha” under which the bank will purchase shares on customer’s behalf. The investors will be able to sell shares at any time through Murabaha without the need for pledges, which provides liquidity, said a press statement.
Shares Murabaha paves the way for investment in companies listed on the Abu Dhabi Securities Exchange and Dubai Financial Market, and will give investors the flexibility to sell their shares whenever they want. (Press Release)