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Dubai Financial Market (DFM) today announced that “Sharjah Islamic Financial Services” has been accredited to provide Margin Trading service, lifting the total number of DFM brokerage firms providing this service to 34 companies.
Margin Trading permits brokerage companies to fund a percentage of the market value of securities traded, and secure as collateral for the same securities or any other collateral as required by the SCA’s license. DFM is currently processing similar applications from other brokerage firms in collaboration with the Securities and Commodities Authority (SCA).
Margin Trading service providers on DFM:
|
|
Company |
|
1 |
EFG-HERMES UAE BROKERAGE |
|
2 |
Al Ramz Securities |
|
3 |
Direct Broker For Financial Services |
|
4 |
NBAD Securities |
|
5 |
Finance House Securities Company |
|
6 |
Al Ansari Financial Services |
|
7 |
ADIB Securities |
|
8 |
Mena Corp Financial Services |
|
9 |
Vision Capital Brokerage Company |
|
10 |
ADCB Securities L.L.C |
|
11 |
Securities & Investment Company UAE |
|
12 |
Naeem Shares and Bonds |
|
13 |
Mawarid Securities |
|
14 |
Awraq Islamic for Shares and Bonds |
|
15 |
Al Dar Shares and Bonds |
|
16 |
Daman Securities |
|
17 |
Pioneers Securities |
|
18 |
Al Dhafra Financial Broker |
|
19 |
Delma Brokerage |
|
20 |
AL Safwa Islamic Financial Services |
|
21 |
Global For Shares & Bonds |
|
22 |
Al Fardan Financial Services |
|
23 |
Al Brooge Securities |
|
24 |
Al-Sharhan Stock Center |
|
25 |
Al Hadaf Financial Securities |
|
26 |
Brokerage House Securities |
|
27 |
Integrated Securities |
|
28 |
Fujairah Shares & Bonds |
|
29 |
Al Wathbah Shares & Bonds Center |
|
30 |
Index Securities |
|
31 |
Al Fajer Securities |
|
32 |
International Financial Brokerage |
|
33 |
Union Brokerage Company |
|
34 |
Sharjah Islamic Financial Services |
