Murabaha platform passes $100b in deals

Transactions on the Nasdaq Dubai Murabaha Platform for Islamic financing have exceeded $100 billion (Dh367 billion), reflecting its popularity with corporate and individual users.

Established jointly by Nasdaq Dubai and Emirates Islamic, the platform meets needs ranging from funding for corporate growth and expansion to personal finance for retail customers. Transactions so far in 2018 have reached $28.8 billion, up 23 per cent over the same period in 2017. (Staff Report)