The bank selected IdealRatings, an Islamic compliant fund management service provider, as the source for identifying Islamic compliant instruments globally.

Saxo Bank (Dubai) regional head of Middle East and CEO Jakob Thomsen said Islamic finance is one of the fastest growing sectors in the world today and they are excited to enable their clients to identify and trade Islamic compliant stocks online. They are confident in offering IdealRatings’ data to their clients.

IdealRatings CEO Mohamed Donia said Saxo Bank A/S has always been an innovator and market leader in providing its clients with quality financial services and they are delighted to partner with them to provide this reliable information for their discerning investors.