Emirates Islamic Bank announced the official inauguration of its subsidiary brokerage firm – Emirates Islamic Financial Brokerage, ‘EIFB’.
EIFB is a brokerage company, set up to enable customers to trade in Dubai Financial Market (DFM) and Abu Dhabi Security Market (ADSM) as per Shari’ah rules and regulations. The company offers a unique combination of services such as brokerage, e-trading as well as professional consultancy services and dedicated brokers for high net worth relationships.
General Manager of EIFB, Mr. Mohammed Al Awadi commented on the emergence of the company saying: “Being a subsidiary of Emirates Islamic Bank, we at EIFB are confident of the trust and credibility individuals and investors will grant our young brokerage firm.” He added: “At the moment, our main focus will be in the local market, but at a later stage we will be working on expanding our network of investments into the Gulf region.”
EIFB had introduced a special service where customers will have not only access to special VIP lounge but also have dedicated brokers assisting the key segments. EIFB also launched its online trading capability that enables the investors to conduct selling and buying of shares and view transactions and take advantage of various tools such as statistical analysis/market index etc.
Al Awadi added: “We wanted the launch of this brokerage firm to be complete in all respects of the service (including priority service) being provided”. This is the reason we also launched our VIP lounge and online trading facility simultaneously. While the former provides personalized service, the latter removes most of the major problems faced by traders on a daily basis. With such instant services, investors can make their investments more dynamically, and our Head Office at Oud Metha is a testimony to this commitment.”
EIFB employs a young, energetic and dynamic team and offers end-to-end Shari’ah supervised trading in an ultimately modern environment. The EIFB is co-located with Emirates Islamic Bank Oud Metha branch in Dubai, and will shortly expand its presence to the emirate of Sharjah.
