21.11.2012 - UAE’s first-ever Islamic Margin Trading rolled out by Al Ramz Securities
Al Ramz Securities, one of the UAE's leading brokerage houses, has once again reaffirmed its pioneering role in local industry by introducing the country’s first-ever Islamic Margin Trading service. The service is patterned after the ‘Murabaha’ type of Shariah-compliant ‘cost-plus’ financing, where a fund purchases goods and resells them to a third party at an agreed-upon price. The price includes the cost of the goods plus a profit margin, with the cost and margin predetermined by the parties involved in advance..............................................Full Article: Source
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