Published: August 3, 2012
New shariah-compliant Qatari firm starts trading.
Masraf Al Rayan has expanded its shariah-compliant services in Qatar by launching a brokerage.
Al Rayan Financial Brokerage Company will trade as an independent subsidiary of the Islamic bank.
The brokerage will enable its customers to buy and sell shares. Its directors intend to launch new products, including smart phone applications.
Al Rayan Financial has received its licenses from the Qatar Financial Markets Authority and Qatar Exchange.