Tagged: Commercial Bank of Dubai

DMCC Tradeflow launches electronic Commodity Murabaha trading platform

DMCC Tradeflow launches electronic Commodity Murabaha trading platform

Dubai Multi Commodities Centre (DMCC) has announced the inaugural Commodity Murabaha transaction on its DMCC Tradeflow platform. The transaction took place between Noor Islamic Bank and Commercial Bank of Dubai, marking the official launch of the DMCC Tradeflow Islamic product portfolio. According to Ahmed Bin Sulayem, Executive Chairman, DMCC, the DMCC Tradeflow pioneered the use of an electronic central registry of commodity ownership in Dubai. The commodities available on DMCC Tradeflow include oil products, foodstuffs and base metals and if required these goods can be inspected easily by Shari’ah scholars.

Attijari Al Islami launches new mortgage products

Attijari Al Islami launches new mortgage products

An improved version of Attijari Al Islami’s Ijarah Home products has been introduced to the public. Thus, UAE nationals and residents are enabled to afford their dream home compliant to the principles of Shariah. The improved version contains some new …