The Dubai Financial Market announced in a statement seen by Namazoun, the signing of a memorandum of understanding with the National Bonds Corporation, providing a general framework in support of the implementation of a set of new initiatives in the field of Islamic financial services, Which both parties intend to accomplish during the next stage, and it also allows the National Bonds Company to benefit from the various market services in the areas of trading, depositing, custody and dividend distribution.

Under the agreement, the two sides will work to complete the electronic link between the Dubai Financial Market and the National Bonds Corporation, so that the savings bonds issued by the company, which represents the world's leading savings programs that are compatible with the provisions of Islamic Sharia, are traded through a sophisticated and effective mechanism Provided by the Dubai Financial Market through its authorized brokerage firms.

Where the market’s investor base, in addition to potential investors, as well as current and potential investors in national bonds, will be able to smoothly redeem purchases or redeem their value through brokerage firms, in addition to considering whether the market manages the distribution of private profits Sukuk holders.

The new service also has a major benefit for brokerage firms operating in the market as it represents a qualitative addition to the list of services that these companies can provide to their customer base and thus contribute to the diversification of their activities and sources of income.

Dubai Financial Market is the first market compatible with the provisions of Islamic Sharia at the global level.

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