Al Rayan Brokerage Suspends Operations in Qatar

Al Rayan Financial Brokerage Company (ARB), a Masraf Al Rayan (MAR) owned subsidiary and member of Qatar Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, has decided to suspend the activities and licence of its brokerage business, according to a statement released today.

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Al Rayan Brokerage is a licensed brokerage firm engaged in the purchase and sales of various Shariah-compliant financial instruments for all types of investors.

Al Rayan Brokerage has filed for voluntary suspension of its operations with the Qatar Financial Market Authority (QFMA), and announced the last date of trading through the company to be on January 12, 2017.

Although ARB gave no official reasons for its voluntary suspension, it came on the heels of a recent announcement made by Masraf Al Rayan, Barwa Bank and International Bank of Qatar that they have entered into initial negotiations regarding a potential Merger Merger A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d A merger is defined as the absorption of the interest of another. It can include an estate, or contract. There are no specific rules or formats for a union in general. It is a method of combining two or more organizations, business concerns, or other related interests. The terms of a merger are usually by agreement of the parties involved. In the financial sphere, merger refers to an agreement between two or more companies or corporations, public and private, to merge into one entity. Mergers d Read this Term of the three banks to create the largest Shariah compliant bank in Qatar.

The company recirculated a statement emphasising that all remaining stocks of clients will be transferred to their accounts at the Qatar Central Securities Depository (QCSD) before terminating activities as of February 23, 2017.