DGCX maintains momentum on PKR futures tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Pak rupee futures post record volume growth in May muzaffarrizvi@khaleejtimes.com Filed on June 2, 2021
The Silver Futures Contract recorded a year-to-date (YTD) volume growth of 139 per cent compared to the same period last year
The Dubai Gold and Commodities Exchange (DGCX) on Wednesday announced that it registered a monthly average open interest (AOI) of 208,343 contracts worth a total value of $12,853 million in May.
The Silver Futures Contract recorded a year-to-date (YTD) volume growth of 139 per cent compared to the same period last year.
INR, PKR Futures
The region’s leading derivatives exchange also noticed that the newly launched Pakistani rupee (PKR) futures contract grow with a total of 2,028 lots valued at $26.38 million traded since its launch in April. Elsewhere, the DGCX’s Indian rupee mini futures contract recorded a year-on-year (YOY) average daily volume (ADV) growth of 45 per cent during the month.
DGCX Signs MoU With Global Islamic Financial Services Firm To Promote Shariâah Contracts Date
29/04/2021
Global Islamic Financial Services Firm (GIFS) to collaborate with DGCX to develop Islamic future contracts and products
MoU will
promote DGCX’s Shariah gold contract and expand the provision of innovative, market-leading services and products in adherence to Islamic finance principles
The Dubai Gold and Commodities Exchange (DGCX), the region’s leading derivatives exchange, has signed a strategic Memorandum of Understanding (MoU) with Global Islamic Financial Services (GIFS) to partner on the future development of Islamic derivatives and commodities, as well as promote the DGCX’s Shari’ah gold contract, which adheres to Shari’ah principles for the ownership of gold.
DGCX partners with GIFS to promote Shari’ah contracts
DUBAI, April 29, 2021 The Dubai Gold and Commodities Exchange (DGCX), a leading derivatives exchange, has signed a strategic agreement with Global Islamic Financial Services (GIFS) to partner on the development of Islamic derivatives and commodities. The memorandum of understanding (MoU) also aims to promote the DGCX’s Shari’ah gold contract, which adheres to Shari’ah principles for the ownership of gold. Under the MoU, both organizations will collaborate on areas of mutual benefit, including the development of Islamic future contracts and products, and the sales and promotion of Islamic financial products.