NASDAQ Dubai Welcomes Listing of Shariah-Compliant Dubai Gold Securities


NASDAQ Dubai Welcomes Listing of Shariah-Compliant Dubai Gold Securities

DUBAI, United Arab Emirates, March 2, 2009 (GLOBE NEWSWIRE) -- NASDAQ Dubai
welcomed the listing today of Dubai Gold Securities (DGS), a unique
Shariah-compliant product that gives investors a straightforward route to gain
exposure to the price of gold. 

DGS can be bought and sold on NASDAQ Dubai just like shares, through one of the
exchange's 29 regional and international trading Members, or through another
broker that has a relationship with a NASDAQ Dubai trading Member. 

DGS are an initiative of the World Gold Council (WGC) and the Dubai Multi
Commodities Centre. Similar gold securities have been listed through WGC
initiatives on 12 other international exchanges, with gold in trust exceeding
1,200 tonnes. DGS are the only ones listed in the Middle East to have been
declared Shariah-compliant by a Shariah Supervisory Board. 

Jeff Singer, Chief Executive of NASDAQ Dubai, said: "NASDAQ Dubai is already an
established platform for Shariah products and is delighted to welcome today its
first Shariah-compliant gold securities. 

"As a traditional trading hub for gold in the Middle East, Dubai is a natural
venue for listing innovative Shariah-compliant gold products. DGS offer
investors an alternative to physical gold and gold futures. 

NASDAQ Dubai has a higher value of listed Sukuk (Shariah-compliant bonds) than
any other exchange, at $16.4 billion. 

About NASDAQ Dubai 

NASDAQ Dubai is the international financial exchange serving the region between
Western Europe and East Asia. It welcomes regional as well as global issuers
that seek regional and international investment. The exchange currently lists
shares, derivatives, structured products, Sukuk (Islamic bonds) and
conventional bonds. 

The majority shareholder of NASDAQ Dubai is Borse Dubai with a two-thirds
stake. NASDAQ OMX Group owns one third of the shares. The regulator of NASDAQ
Dubai is the Dubai Financial Services Authority (DFSA). NASDAQ Dubai is located
in the Dubai International Financial Centre (DIFC). For more information, visit
www.nasdaqdubai.com 

CONTACT:  NASDAQ Dubai
          Mark Fisher
          00971 4 361 2220
          00971 50 624 5805
          mark.fisher@nasdaqdubai.com