Last Thursday, Asia-headquartered brokerage firm, CGS-CIMB Securities announced the launch of two new Islamic financial trading capabilities.
The new solutions, iCash and iTradeSyariah, are available for investors in Singapore and Indonesia respectively, and offer users access to Shariah-compliant stocks.
Underpinned by the three key Shariah principles of morality, transparency and justness, the release shared with press pointed to research by Indonesian public university, Gadjah Mada, which uncovers that the global shariah-compliant funds market has grown by more than 300% to $200 billion dollars in assets below management AUM in less than a decade. Additionally , the announcement cited research by Fitch Ratings into how Islamic finance today accounts…
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