Umex to Launch Sharia Share Dealing Service with The Share Centre, one of UK's leading Stock Broker

Nov. 4, 2010 - PRLog -- UMEX Securities and Finance Ltd is pleased to announce that it will launch  the launch of a Sharia compliant UK share dealing service in November.  The service, established in collaboration with The Share Centre (the main trading arm of AIM quoted Share plc), will enable investors to buy and sell shares through a share dealing service that has been designed to offer not just a Sharia compliant mechanism for trading but also provides registered investors with a screening service highlighting the Sharia compliant companies listed on the London Stock Exchange.

Investors are able to pre-register their interest for this service on the UMEX Securities website www.umexsecurities.com. The UMEX Securities service offers share dealing clients a comprehensive package to ensure that investors are able to place orders confident in the knowledge that the stocks they are trading are Sharia compliant.

“To date, the Islamic community in UK and Europe, who have considerable wealth and spending power, have not been catered for in terms of financial services that comply with their religious beliefs and regulations.  “This segment of society has been largely missed out by the financial institutions in UK and Europe when it comes to offering Sharia compliant stock broking services.” said Mahesh Jayanarayan, CEO of UMEX Capital Markets Group. “The introduction of the UMEX Securities is just one of many initiatives that we are looking to introduce over the next couple of months. The UMEX Securities service has been designed not just for Islamic investors, but also for private investors looking for ethical investments or for those simply wishing to move away from the banking sector.”

Sheikh Hussain Hamid Hassan, Chairman of Sharia committee of  Dubai Islamic Bank  “Having been through its early days, it is now time for the Islamic banking and finance sector to strengthen and expand industry infrastructure to ensure sustainable global operations," Sheikh Hussain Hamid Hassan, a prominent Sharia scholar and chairman of Sharia Supervisory Board of UMEX Capital Markets Group went on to say. "Sustained growth results only from a stable and level playing business environment. Restricted access to capital markets, for the SME sector in particular, means inefficient and less sustainable economic backstay – the recent global crisis is testimony to that. UMEX is indeed a much needed and timely initiative.”






The UMEX Securities share dealing service, administered by The Share Centre, offers both a telephone and online access to clients’ share dealing accounts. Guy Knight, Group Sales and Marketing Director of The Share Centre commented: “We are delighted to be providing this branded service to investors using the Sharia compliant screening services offered by UMEX Securities.” The Share Centre was established in 1991 to provide value-for-money share services for personal investors and now serves over 220,000 customers. Its services include buying and selling a wide range of investments and a comprehensive share administration and safe custody service.  

The private client share dealing service follows the recently launched UMEX Trader, a share trading platform for financial institutions to trade Sharia compliant stocks listed on main markets around the world.

Investors looking to apply for a UMEX share dealing account should visit:

PRESS OFFICE – UMEX SECURITIES
www.umexsecurities.com
or phone +44 203 008 5715.

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UMEX Securities & Finance ltd,delivers a range of services specifically designed to meet the needs of investors and industry professionals looking at the ethical and Sharia investment sectors.

Share trading platforms
Sharia compliant Share dealing accounts
Ethical and Sharia screening services
Dividend purification

For private investors, UMEX Securities offers execution only share dealing accounts.
For Institutional investors, our proprietary trading platform, UMEX Trader, offers seamless integration of news, research and financial data on Sharia compliant securities streamed directly to you in real-time..

Our proprietary trading platform, UMEX Trader, offers seamless integration of news, research and financial data on Sharia compliant securities streamed directly to you in real-time, enabling financial institutions and professional investors to execute orders, view trades, portfolios and limits in a secure environment.