Dubai International Finciancial Exchange plans to list Islamic structured products

Click here: – DIFX plans to list Islamic structured products 

The Dubai International Financial Exchange (DIFX) is preparing to list a range of Islamic structured products that will offer investors attractive new Sharia-compliant opportunities. They will be listed on the TraX platform, which the DIFX created in August 2007 as the only structured products platform in the region. Citigroup, Deutsche Bank, Merrill Lynch and Morgan Stanley are the banks planning to list Islamic products soon.

Per E. Larsson, chief executive of the DIFX, said, “The structured products market is growing rapidly around the world and the DIFX is at the forefront of expansion in its region. We look forward to listing Islamic products that track regional and international equity indices and other well known benchmarks.” Like conventional structured products, Islamic products can be tailored to suit a range of investment styles. Some are capital-protected while others offer greater risks or rewards. Hamed Ali, executive officer of the DIFX, said, “Expanding the TraX platform to include new Sharia-compliant structured products is a key initiative in the DIFX’s Islamic products strategy.


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