Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, has secured the award for ‘Best Islamic Stock Exchange 2024’.
The accolade, presented by the Global Islamic Finance Awards (GIFA), reflects ADX’s pioneering efforts and commitment to enhancing the Islamic finance sector. The committee evaluated ADX’s performance based on several key factors, including the market capitalization of Sharia-compliant financial instruments listed on ADX, which exceeds AED2 billion ($549 million).
The committee also recognized ADX’s performance through its accredited brokerage firms adhering to Sharia principles. Furthermore, the committee emphasized the diverse array of innovative Islamic market products offered by ADX, including nine Sharia-compliant ETFs that span domestic, regional, and international markets.
Aligning with Islamic principles, ADX is expanding its offerings by developing its own Islamic index. Endowment Shares service, one among these initiatives, enables investors to donate shares from their ADX securities account to fund charitable causes. Dividends from these donated shares are channeled into supporting diverse range of charitable endeavors.
Abdulla Salem Alnuaimi Group CEO – ADX
“We are honored to be recognized as the best Islamic Stock Exchange in 2024 by the Global Islamic Finance Awards magazine. This achievement is a testament to our unwavering commitment to providing a diverse range of Shariah-compliant financial instruments for retail and global investors. Our continued focus on increasing trading and liquidity has allowed us to facilitate the growth of Islamic finance and attract a wider investor base. This award reflects our dedication to excellence and our strategic goal of promoting sustainable investments in the region. We thank our partners and stakeholders for their continued support.”
ADX is committed to advancing its capital market by continuously launching innovative Sharia-compliant products, catering to the growing needs of the diverse investor and expanding its range of financial products to offer greater choice and opportunity.
