Electronic trading platform launched by National Bank of Fujairah

UAE-based National Bank of Fujairah (NBF) has launched its new electronic trading platform NBFX. Now, their customers can carry out financial transactions beyond the bank’s working hours and across all time zones. NBFX is available for both of National Bank of Fujairah’s conventional and Shariah-compliant banking customers.

The chief executive of NBF Vince Cook told the media that the launch of NBFX further highlights the bank’s commitment to being the best financial partner for customers. They combined the latest technology with its in-depth market experience. This platform ensures that customers are able to customize it according to their preferences. It has access to the most competitive price execution. There is a team of experts across treasury, trading and structuring to help them to navigate market changes. They also have plans to expand the scope of NBFX to cater to customers’ wider requirements across energy, base metals and soft commodities.

UAE-based Sharjah Islamic Bank (SIB) has announced the launch of its new SIB digital account, last month. The bank’s customers can open an electronic account from their mobile app itself. The bank stated that its first-half net profit rose to Dh289.5 million for the six months period that ended June 30, 2021.