Eshraq gets sharia-compliant status for its shares on ADX
DUBAI, October 4, 2020
Eshraq Investments, a major company listed on the Abu Dhabi Securities Exchange (ADX), has announced that it has obtained the review report of Eshraq’s activities in the most recent quarter.
Based on the review it was concluded that Eshraq’s shares are eligible for sharia compliant investments in accordance with the Sharia parameters set out under the DFM Sharia Standards.
The move is part of Eshraq's comprehensive investment strategy reported in August and the company’s focus on regaining its Sharia compliance status, said a top official.
"In the past two years, we had multiple requests from our shareholders on having Eshraq shares Sharia-compliant, and today, we have fulfilled our promise to shareholders in this regard," stated Eshraq’s Chairman Jassim Alseddiqi.
Eshraq is an investment company with interests in residential, hospitality and other real estate projects. It also has a diversified investment portfolio across equities, fixed income, private equity and debt products, he added.-TradeArabia News Service
