IslamicFinance.de

UAE-based Aafaq has carried out its first transaction on the NASDAQ Dubai Murabaha Platform, which provides Islamic financing services to individual and institutional customers. Officially launched in April 2014 by NASDAQ Dubai jointly with Emirates Islamic, the platform has completed a total of more than AED 21 billion of transactions. The platform makes use of Shari’ah-compliant Certificates that have been developed for the underlying assets of the financing transactions. Islamic banks, Islamic windows of conventional banks, and Islamic finance companies and their clients can make use of the platform through trading Certificates.