Al Rayan Financial Brokerage Launched

Doha, July 30 (QNA) - Al Rayan Financial Brokerage Company (ARB), a Masraf Al Rayan (MAR) owned but completely independent subsidiary operating under the Qatar Financial Market Authority (QFMA), and member of Qatar Exchange, was officially launched today. Al Rayan Brokerage is licensed brokerage firm engaged in the purchase and sales of various Shari'a-compliant financial instruments for all types of investors, a statement released today said. ARB had already employed a team of highly-qualified professionals to extend the best Islamic investment and brokerage practices and services. In the first phase, the company will offer its clients, the ability to buy and sell shares by visiting the main office in the Al Emadi Financial Square located at C Ring Road, or by contacting ARB call centre, or via its state of the art online "E-trade system". In the second phase, ARB will add more features such as the IPhone/IPad apps, the more advanced E-trade Plus, and customer standalone my-port system, the company said its release. ARB promote and believe in mutual synergy, will seek out and join hands with various investors who look to be part of a dynamic partnership with the goal of helping to create wealth and benefits for all of those who are involved in, and to work with all investors to support them achieve their desired success. The philosophy promoted by ARB as a partner with its customers -sharing common goal- is far greater than either side could achieve on his or her own, hence the partnership is vital to ARB and customers. ARB CEO Nasser Al Abdulla said: "Amid this interesting growth phase of Qatar, and through this new venture, our aim is to deliver the highest level of brokerage services and standards which is in compliance with Islamic Shari a, that our customers have come to expect from MAR brand over the years". Although Al Rayan Brokerage is a 100% owned subsidiary of MAR, ARB has its own different structure, building, employees, and Board of Directors to comply with different regulatory requirements to separate between the two entities. ARB will offer and facilitate to their clients the service of trading in various Shari a-compliant financial instruments here in Qatar. ARB has already obtained all necessary licenses from both Qatar Financial Markets Authority (QFMA) and Qatar Exchange (QE). (QNA)