03.03.2009 - NASDAQ Dubai launches gold securities
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