UMEX Trader
UMEX Trader is set to become the first trading platform to offer institutional investors with the ability to view the entire universe of Sharia compliant securities for each of the world’s main markets. The system provides a fast, easy to use and transparent method for institutional clients and wealth managers to trade in over 10,000 Sharia compliant securities from around the globe.
GCC urged to follow unified Islamic finance regulations The Gulf Co-operation Council (GCC) should have a unified rule under one regulator for Islamic investment products for ensuring lower cost of funds, according to Islamic Wealth Management (IWM) Report 2012. ... more
UK bids to remain West's top Islamic finance hub London has been providing Islamic financial services for 30 years, but in recent years the industry has started to attain a greater profile. ... more
SHARIA UMEX HAS BEEN TIMELY SAYS SHEIKH HUSSAIN HAMID HASSAN – CHAIRMAN OF THE SHARIA COMMITTEE OF DUBAI ISLAMIC BANK "Having been through its early days, it is now time for the Islamic banking and finance sector to strengthen and expand industry infrastructure to ensure sustainable global operations," said Sheikh Hussain Hamid Hassan, a prominent Sharia scholar and chairman of Sharia Supervisory Board of Halal Industries Group. "Sustained growth results only from a stable and level playing business environment. Restricted access to capital markets, for the SME sector in particular, means inefficient and less sustainable economic backstay – the recent global crisis is testimony to that. UMEX is indeed a much needed and timely initiative.Such a platform would provide easy access to SMEs as well as encourage businesses to operate in an ethics-driven manner (making them inherently Islamic, as justice and ethics are among the ultimate objectives propagated by Sharia)," Sheikh Hussain continued ... more
