Tabreed stock becomes Sharia-compliant

The announcement follows the recent meeting of the Islamic Bank's unified committee for Sharia screening

31/10/2017 17:56 AST

Tabreed said on Tuesday its shares have become certified as Sharia-compliant.

The announcement follows the recent meeting of the Islamic Bank's unified committee for Sharia screening. As a result, Tabreed has been included in the list of listed companies on the Dubai Financial Market.

"This certification enables existing and new shareholders with a preference for Sharia-compliant financial instruments to trade in Tabreed's shares further widening the potential investor base," said Jasim Hussain Thabet, chief executive officer of Tabreed in a statement.


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