ADIB Securities Reports Strong US Share Trading Amid Market Volatility
Faizan Hashmi Published November 29, 2020 | 03:15 PM
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 29th Nov, 2020) ADIB Securities, a Sharia compliant brokerage firm in the UAE and a wholly-owned subsidiary of Abu Dhabi Islamic Bank, reported strong transaction volumes on its US trading platform during the first nine months of 2020 compared to the same period of 2019, despite the most volatile periods in international stock market history.
Over the last ten months, ADIB Securities has quadrupled its customer-base for those trading US stocks; and which has helped it triple its revenue in 2020 for the US desk. Favourite shares being traded by customers include: Tesla, microsoft, Pfizer, Facebook, Nike etc.
Khaled Kurdieh, General Manager at ADIB Securities, commented, "We continue to focus on serving customers, upgrading our systems and expanding our client base beyond the UAE to complement our commitment to providing a universal sharia compliant trading platform with cutting-edge technologies.
Our clients can now access over 1,200 US sharia compliant stocks. This can help individuals diversify their investments into other markets. We have seen positive results from this initiative, as the demand to trade sharia US equities has increased fourfold."
Kurdieh stated that ADIB Securities offers access to US equities listed on the two largest exchanges in the world; the New York Stock Exchange and the NASDAQ, which lists some of the world’s most valued and prominent corporations.
Related Topics
Recent Stories
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
Walker returns to captain Man City for Real Madrid clash
Action taken against price list violations in Khanewal district
DC chairs review meeting of DEG
Turkey accuses Israel's Netanyahu of using war 'to stay in power'
Pakistan ranked 5th most vulnerable country to climate change. Tirmizi
Nadal comeback ends in Barcelona Open second round
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago