News in Brief


The Dubai International Financial Exchange (DIFX) is planning to launch a range of sharia-compliant products on the structured products Trax platform. Citi, Deutsche Bank, Merrill Lynch and Morgan Stanley are planning to list Islamic products on the exchange, which gives exposure to shares listed on the Dubai Financial Market and Abu Dhabi Securities Market as well as securities linked to commodities. "With the structured products market expanding at a rapid pace, the platform is planning to

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