DMCC and Borsa Istanbul to Launch Shariah-compliant Gold Exchange

[kreslik.news]

The Dubai Multi Commodities Centre and Borsa Istanbul have signed a Memorandum of Understanding (MoU) to extend its current scope of collaboration, specifically linked to the trade of bullion, they said in a joint statement Thursday.

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Aside from further enhancing bilateral trade between Dubai and Istanbul, the terms of the MoU state that the two entities will collaborate to establishing a universal Shariah-compliant gold exchange for Islamic markets.

Establishing such an exchange has been a topic of debate following a recent initiative by the World ... (read more)