Dubai Financial Market (DFM) today announced that “Al Safwa Islamic Financial Services”, “Global for Shares & Bonds”, “Al Fardan Financial Services”, “Al Brooge Securities” and “Al-Sharhan Stock Center” have been accredited to provide Margin Trading, lifting the total number of DFM brokerage firms providing this service to 24 companies.

Margin Trading permits brokerage companies to fund a percentage of the market value of securities traded, and secure as collateral for the same securities or any other collateral as required by the SCA’s license. DFM is currently processing similar applications from other brokerage firms in collaboration with the Securities and Commodities Authority (SCA), according to DFM’s statement.

It is worth mentioning that other margin trading services providers on DFM include: EFG-Hermes UAE Brokerage, Al Ramz Securities, NBAD Securities, Finance House Securities Company, ADIB Securities, Mena Corp Financial Services, Al Ansari Financial Services, Al Jazeera Financial Services and others.