Al Safwa Islamic Financial Services [ban by ESCA lifted 07 Jan 2007]
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Al Safwa Islamic Financial Services [ban by ESCA lifted 07 Jan 2007]

 
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sharewadi
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Al Safwa Islamic Financial Services [ban by ESCA lifted 07 Jan 2007]

Posted on Wed 03 Jan 2007 08:50 by sharewadi 		Reply with quote

ASFS was one of two brokers banned yesterday (Golden Gate Securities was the other) without any specific reason given but possibly to do with non-compliance of filing regulations. Golden Gate Securities (GGS discussion) was the other.

There may be other brokers banned. Further discussion and news at ESCA bans UAE brokers topic.

Presumably Al Safwa Financial Services and Al Safwa Islamic Financial Services are the same company - on the ASIFS website they use the ASFS name...
Who wrote this:
Al Safwa Financial Services product will be the services it provides to its customers who want to trade in UAE and GCC stocks


Al Safwa website gives a security warning
Who wrote this:
The web site's certificate is invalid. Do you want to continue?

Name: etrading.alsafwa.ae
Publisher: etrading.alsafwa.ae

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Last edited by sharewadi on Sun 07 Jan 2007 23:00; edited 1 time in total
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sharewadi
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Joined: 19 Aug 2005
Posts: 13383
Location: up the wadi without a paddle

Al Safwa allowed to trade again - GN 07 Jan 2007

Posted on Sun 07 Jan 2007 01:52 by sharewadi 		Reply with quote
Good news for Al Safwa Financial Services. Now it makes more sense that they are advertising - I had seen ads appear on various websites for them in the past couple of days and wondered why they bothered if they were banned.

Who wrote this:
"It was decided that Al Safwa Financial Services return to its activities in the securities market starting on Sunday, after the company abided by the authority's laws and regulations and completed its licencing requirements," said an Esca spokesman.


Rest of article this topic ...
Al Safwa ban lifted.
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