Saxo Bank Enables Online Islamic Trading

SAN FRANCISCO, DUBAI, UAE and HELLERUP, Denmark, November 21,
2011 (ots/PRNewswire) --

IdealRatings identifies Islamic compliant Equities and ETFs on 25
exchanges.

Saxo Bank A/S, the online trading and investment specialist, has
today enabled its clients to identify and trade Islamic compliant
stocks and ETFs on more than 25 exchanges worldwide. The Bank
selected IdealRatings Inc., a leading global Islamic compliant fund
management service provider, as the most reliable source for
identifying Islamic compliant instruments globally.

The compliance reasoning is based on commonly accepted and
transparent Islamic guidelines defined by IdealRatings and Shariah
Review Bureau with operations in Jeddah, Bahrain and Saudi Arabia and
Manama. More than 12,000 stocks and Exchange Traded Funds (ETFs) are
screened and researched on a monthly basis by IdealRatings.

Jakob Beck Thomsen, Regional head of Middle East and CEO Saxo Bank
(Dubai) Ltd., said:

"Islamic finance is one of the fastest growing sectors in the
world today and we are excited to enable our clients to identify and
trade Islamic compliant stocks online. IdealRatings is the industry's
most trusted brand for identifying and researching Islamic compliant
stocks and we are confident in offering their data to our clients."

Mohamed Donia, CEO of IdealRatings, added:

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

About Saxo Bank

Saxo Bank is a leading online trading and investment
[http://www.saxobank.com/trading-products ] specialist. A fully
licensed and regulated European bank, Saxo Bank enables private
investors and institutional clients to trade FX, CFDs, ETFs, Stocks,
Futures, Options and other derivatives via three specialised and
fully integrated trading platforms; the browser-based SaxoWebTrader
[http://www.saxobank.com/en/trading-platforms/pages/internet-trading.
aspx ], the downloadable SaxoTrader [http://www.saxobank.com/en/trad
ing-platforms/pages/trader-download.aspx ] and the SaxoMobileTrader
application are available in over 20 languages. Saxo Bank also offers
professional portfolio and fund management. Saxo Asset Management
accommodates high-net worth private clients and institutional
investors and Saxo Privatbank provides banking services and advice to
retail clients. The Saxo Bank Group is headquartered in Copenhagen
with offices throughout Europe, Asia, Middle East, Latin America and
Australia.

For more information, please visit http://www.saxobank.com

About IdealRatings

IdealRatings is a service for financial institutions to drive
Alpha generation by identifying Islamic compliant instruments
globally and managing the overall Islamic fund management process.
IdealRatings is geared for portfolio managers and analysts who need
an enterprise-wide view to better manage and operate their Islamic
compliant funds. IdealRatings, Inc. is headquartered in San
Francisco, California.

For more information, please visit; http://www.IdealRatings.com

Rückfragehinweis:
Media enquiries: Kasper Elbjorn, Head of Group Public Relations,
Saxo Bank, +45-3065-4300, [email protected]. Mr. Magdy Eissa,
IdealRatings
Inc, [email protected]

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