Tabreed’s shares become sharia-compliant

Tabreed’s shares become sharia-compliant
This certification will enable current and new shareholders to trade Tabreed’s shares
Tabreed TABREED 1.05% 1.92 0.02

Dubai – Mubasher: The National Central Cooling Company (Tabreed) on Tuesday announced that its shares were awarded the sharia compliance certification.

Under the sharia compliance certification, the company was listed on Dubai Financial Market's (DFM) list of sharia-compliant companies and its shares are traded by Islamic brokerages, according to a company’s filing to the DFM. 

This certification will enable current and new shareholders, who prefer to invest in sharia-compliant securities, to trade Tabreed’s shares, said Jasim Husain Thabet, Tabreed’s CEO.

The sharia-compliance certification will also increase the investors in the company, boosting its shares’ liquidity. 

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Source: Mubasher

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