LIMASSOL, Cyprus, June 28, 2011 /PRNewswire/ --
Online forex broker Tadawul FX is proud to announce that it has been named the winner of the Best Islamic Finance Provider at the World Finance Foreign Exchange Awards 2011. These prestigious awards, first established in 2007, highlight and reward the achievement and best practice applications for Islamic forex trading that Tadawul FX is now known for worldwide.
Amongst the criteria for nomination to the category of Best Islamic finance provider, were key issues such as service and security of trading, as well as innovation and quality provided. According to the organizers, the continuous efforts by Tadawul FX to add new services and benefits for traders contributed greatly to their success in this area.
The judges of the awards also took into consideration the trading platforms and technology infrastructure of the company, the level of regulatory transparency implemented and solid governance of the business, all of which were found to be favourable at Tadawul FX.
In the Islamic finance category, the market leadership position that Tadawul FX holds with regards to Islamic forex trading was a key advantage.
Thomas Papantoniou, Chief Operations Officer and Partner of Tadawul FX, says: "We have always provided a very attractive Islamic forex product through our provision of competitive swap free accounts, without hidden commission charges, fees or widening of spreads. This ensures that Islamic clients can enjoy the same trading conditions of low fixed spreads as other traders but still remain in accordance with their values and beliefs."
Islamic clients are not entitled to incur overnight interest charges and can also distribute profits through initiatives such as hibah gift donation. Tadawul FX provides support for all these services thereby enabling Islamic clients to enjoy complete management of their trading accounts as they wish.
This award follows the recent success for Tadawul FX when it received two Excellence awards for both Islamic Forex Broker and Forex Broker in the Middle East at the 2011 IBTimes Trading Awards.
The company continues to grow from strength to strength in Islamic forex trading and has firmly established its reputation in the forex industry as a top Islamic provider.
Stavros Yiannakou, CEO & Partner of Tadawul FX, says: "At Tadawul FX, we remain highly focused on continued innovation. For us, this includes the introduction of support in further languages, maintenance of our focus on high customer support levels, whilst also expanding our investment services to enable further growth. This award recognizes our efforts and achievements so far and we are proud to add this to our growing collection of accolades from industry experts."
About Tadawul FX:
Tadawul FX, also known as TDFX, is an online forex broker. TDFX is licensed and regulated by the Cyprus Securities & Exchange Commission (license number 103/09) and is also registered with the UK Financial Services Authority (FSA) with registration number 516667, as well as the German regulators BAFIN (Reg 123252).
About World Finance
World Finance enjoys a distribution network that includes some of the most prominent decision makers worldwide. Both the magazine and the website are committed to the very highest standards of journalism and have built up a coveted reputation for excellence. World Finance provides readers with regularly updated news collected from trusted media organisations such as Reuters and Financial News. World Finance has global newsstand distribution and their website contains a virtual page-turning version of the magazine that can be viewed for free. For further information please visit http://www.worldfinance.com
About the Awards:
The World Finance Awards were created in 2007 to identify industry leaders, individuals, teams and organisations that represent the benchmark of achievement and best practice in the business world. The World Finance awards panel headed up by Editor Alexander Redcliffe, used a wide range of criteria, and applied the critical eye of a collective 175 years of financial journalism to the exhaustive information gathered by the award body's research team to inform its decision over the most pertinent categories to include in the Foreign Exchange 2011 awards.
SOURCE Tadawul FX