Tabreed’s stock certified as Shari’a-compliant

Jasim Thabet

October 31, 2017 – Abu Dhabi, UAE: National Central Cooling Company (Tabreed) has announced that its stock is now certified as Shari’a-compliant, the company said through a Press communiqué.

According to the communiqué, the Islamic Banks’ Unified Committee for Shari’a Screening, has now included Tabreed on its list of Shari’a compliant companies on the Dubai Financial Market, and Islamic banks’ brokerage companies can now trade the stock.

Speaking on the occasion, Jasim Husain Thabet, CEO of Tabreed, said: “We are proud of the certification of Tabreed’s stock as Shari’a compliant for investment and trading. This certification enables existing and new shareholders with a preference for Shari’a-compliant financial instruments to trade in Tabreed’s shares, thus further widening the potential investor base for Tabreed. A broader potential investor base can only assist in increasing liquidity for Tabreed’s shares.”