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DUBAI / WAM
DMCC welcomed Islamic Bank of Afghanistan as the newest member of its DMCC Tradeflow platform, a dedicated online platform for registering possession and ownership of commodities stored in UAE-based storage facilities.
The collaboration will enable the bank to carry out Sharia-compliant Murabaha transactions using DMCC platform to take multi-currency trades from across the globe. DMCC Tradeflow has handled AED25.5 billion worth of sharia-compliant commodities traded in first 4 months of 2018.