22.11.2011 - Brokers expand as demand for Islamic finance soars
Private client interest in Islamic financial products is growing at record levels, the Middle Eastern head of Saxo Bank said today. The Danish bank and online brokerage has begun offering Middle Eastern investors access to internationally-listed Islamic equity products, aiming to capitalise on the booming demand for Shariah-compliant cash and exchange-traded fund products. The bank has partnered with Middle Eastern fund manager IdealRatings to identify compliant stocks and equity-based ETFs across 25 international exchanges, offering local clients access to a broader range of investment options..............................................Full Article: Source
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