Finance & Leasing (India) Ltd is a RBI registered NBFC, which is currently offering Loan against Shares for its captive clients in the brokerage business.
The new Blackberry service provides access to DFM, Abu Dhabi Securities Exchange (ADX) and Nasdaq Dubai,' said Ibrahim Abu-Gharbieh, the general manager of Mubasher DBFS.
Mubasher DBFS, which offers a range of services for every segment of financial market, provides direct market access platform to all Gulf, Middle East and US markets through one counter party contract in association with their parent investment bank in Bahrain.
Doha Bank entered the Indian brokerage industry in May last year, with a strategic investment in Investnet, an India-based brokerage company, which was subsequently renamed as DBFS.
By early next year, DBFS will launch an asset management company.
The new investments will be used to develop and expand the scope services of DBFS
Egypt, underlining Mubasher's positive growth outlook on the Egyptian market.
DBFS is a brokerage institution having a pre-eminent position in Middle Eastern and Indian markets and Ecoinvest is a world renowned player, having extensive experience and technical expertise in the development of projects intended to receive credits for reductions of carbon emissions of greenhouse gases
Seetharaman, Chairman DBFS expressed his happiness over the agreement and said that the three fold service offerings through Ecoinvest will go a long way in development of the Middle Eastern and Indian markets and will definitely boost the ongoing environmental friendly initiatives currently being undertaken in these regions.
One of the innovations introduced by Mubasher DBFS in 2010 was the Mubasher Blackberry application that allows users to conduct market activities anywhere in the world.
Ibrahim Abu-Gharbieh, General Manager of Mubasher DBFS said, "We saw a significant increase in our business in spite of drastic changes in the global economic environment in the last two years, which reflects the confidence our customers pose in us.
The new DBFS
division also deals with Islamic banks through various methods including a direct link with client accounts for deposits and withdrawals.
is the fourth broker to join NASDAQ Dubai directly from the regulatory jurisdiction of the UAE and is a leading broker on the UAE exchanges.