UAE brokerages tie up with finance companies to capture market share | The National

UAE brokerages tie up with finance companies to capture market share | The National:



"UAE brokerages are turning to finance companies to reduce risk and capture market share in a market dominated by banks.



The top two brokers by traded value have entered into agreements with financial institutions to offer clients leverage at a time when more than half of the companies in operation are licensed by the regulator to offer margin facilities. 




Mena Corp has tied up with Aafaq Islamic finance company and Al Ramz has tied up with Ajman Bank."



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