Transfers

Securities Transfer

A change in ownership of shares from one account to another or shareholder to another. “Edaa” facilitates an automated process that transfers shares where it will be validated and then transferred in accordance with the rules. Shares transfer is called in for the purpose of fulfilling various objectives including: inheritance distribution, family related transfers “between Spouses, or between spouses and their children”, donation to charity societies and organizations, etc.

 

Equity Murabaha Financing

In addition to the above activities: “Edaa” facilitates Equity Murabaha Financing accounts, an Islamic financing and 100% Sharia compliant structure that uses equities as the underlying asset to facilitate Tawarruq transactions. Members are can receive the comfort that the ownership and subsequent sale of listed company shares in conducted in a fully efficient and compliant manner.

  • Murabaha accounts allow lenders to transfer purchased equities to the borrower’s account.
  • It is a quick and easy financing option for the borrowers and lenders
  • It has a positive impact on members' commission and market share.
  • Across the board benefits for Members, Banks, Financing Companies, and Clients.
  • Sell or hold options.

For more information, please contact our Customer Service team on email: cc@edaa.com.sa