IslamiQ launches online trading

A recent alliance between IslamiQ and has seen the launch of an online Islamic brokerage service, ‘TradeIslamiQ’, for investors that wish to trade according to their religious beliefs

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By  Charlotte McDonald Published  February 27, 2001

Finance and investor portal, (Cayman) Ltd (“IslamiQ”), has launched a service providing opportunities for Islamic investors to trade in US equities that are Shari’ah-compliant. Dr Hasnita Dato’ Hashim, CEO of IslamiQ, claims that the new ‘TradeIslamiQ’ facility is the first of its kind.

“We expect this alliance with to further enhance IslamiQ’s range of services, which already include a supermarket of offshore Islamic mutual funds, a stock screening service and a news service specialising in Islamic financial news for Muslims and other professional investors worldwide,” she said. “The TradeIslamiQ online broking facility provided through will further augment this package.”

Through the help of ScreenIslamiQ, Muslims will have the capability to Islamically screen and trade in securities through a single process.

“ offers real-time on-line brokerage solutions with traditional equity research,” said Tanya Quinn, vice president of “Although there are many financial Web portals in the market, IslamiQ is unique with its analysts trained in specialised screening and filtration to ensure that the selected businesses conform to Islamic guidelines and principles in markets known to,” she added.

In line with Shari’ah principle, the service will not allow trading in bonds or options, short selling, the receipt of interest or the use of margin accounts.

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