Ducab adopts Sharia-compliant hedging

Power cables and wires manufacturer Ducab has taken a strategic initiative to convert its conventional metals hedging practices into Islamic structures. The ultimate objective of this initiative is to persuade global metal exchanges to adopt the product as one of the standard traded offerings. This new hedging opportunity was placed under the spotlight at the 2013 Global Islamic Economy Summit, which took place on 25 and 26 November, as Ducab seeks to promote the Sharia-compliant hedging to other major companies in the MENA region.