Emirates NBD Securities partners with IdealRatings to provide additional market data to clients

Emirates NBD Securities partners with IdealRatings to provide additional market data to clients

DUBAI, 27th December 2015 – Emirates NBD Securities, the brokerage arm of Emirates NBD, today signed a contract with a leading research company, IdealRatings, to provide clients with detailed market information about financial markets.

IdealRatings was established to serve the data needs of institutional investors and currently operates across more than 25 countries. The firm’s products are focused on responsible and faith–based investing and covers a full solution to a Sharia-compliant asset management, including Equities and Sukuk responsible screening, REITS, indexes, and brokerage solutions for institutional and retail investors.

Commenting on the new partnership, Abdulla Al Hosani, General Manager of Emirates NBD Securities, said, “IdealRatings is a pioneer provider of ethical and Sharia-compliant investment management solutions, gaining the trust of top-tier investors across the world. The firm’s extensive experience in financial solutions and its belief in responsible investing will be invaluable as we continue to grow our commodities business and provide state of the art investment solutions to our clients.”

The partnership will enable Emirates NBD Securities to provide investors with new tools to read, analyse, and invest in the market. Moreover, clients who are interested in making their portfolios Sharia-compliant will find this service particularly useful, which works in line with Dubai Government’s objective in making Dubai the capital of the Islamic Economy.

Mohamed Donia, CEO of IdealRatings, said, “We are delighted and proud to partner with Emirates NBD Securities, a market leader in brokerage services. This service will make analysing and reading the market movement easier for its clients. Investors can read in-depth reports and gain information on individual stocks and the market as a whole, while also getting a clear picture on the purification percentage of their portfolios.”

Emirates NBD Securities boasts of a diversified and growing client base, underscored by a robust customer care centre, a research department, dedicated relationship managers, multi-markets to invest in, as well as other products and services.

As part of its commitment to offer investment opportunities to customers, the firm recently launched its new trading platform on TADAWUL, the Saudi Stock Exchange allowing investor a unique opportunity to trade on any UAE stock exchange as well as the Saudi Stock Exchange through one secure and reliable platform. Customers can trade either in UAE Dirhams, Saudi Riyal, or through a combination of both currencies.