Forex Broker Tadawul FX Voted Best Islamic Finance Provider

By Tadawul Fx, PRNE
Monday, June 27, 2011

LIMASSOL, Cyprus, June 28, 2011 -


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

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

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

Tadawul FX, also known as TDFX, is an href="">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).

For further information  about Tadawul FX href="">
Islamic forex accounts, visit the Tadawul FX

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 href="">

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.


For more information, visit href="">
or contact Tadawul FX at href="">
or href="">
or telephone: +357-25-200-920.

Kate Alippa, Head of Marketing & PR

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