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.