LCF Securities Launches Its Premier Sharia Compliant Share Dealing Service For Africa Region In Collaboration With UMEX Securities Group UK

LCF Securities Ltd (Mauritius) in joint venture with UMEX Securities Group UK launches a new line of financial products and services. End Quote

(1888PressRelease) January 16, 2013 - LCF Securities Ltd (Mauritius) is pleased to announce the launch of its Sharia compliant share dealing service with UMEX Securities Group UK. The service provides a pre- screened service of Sharia compliant companies listed on global exchanges. It provides trading access in over 30 counties and with over 10,000 Sharia compliant equities, ETFs and over 500 mutual funds.
As well as offering Sharia compliant share dealing service LCF will also provide client accounts to ensure that investors are confident in the knowledge that their accounts are handled under strict Sharia guidelines.

Investors will be able to pre-register their interest for this service on a dedicated website www.lcfumex.mu. The service offers share dealing clients a comprehensive package to ensure that investors are able to place orders confident in the knowledge that their share dealing account and the stocks they are trading are Sharia compliant.

To date, the Islamic community in Africa, UK and Europe- who have considerable wealth and spending power- have not been catered to in terms of financial services that complies with their religious beliefs and regulations. This segment of society has been largely overlooked by the financial institutions in the African region, UK and Europe when it comes to offering Sharia compliant stock broking services.

The services are to be launched by LCF in collaboration with UMEX is as follows:
Educational Trading platform - The stock simulation is a risk-free environment using a trading system simulation using actual real-time transactions. It will allow new comers a head start in trading globally.

Retail online trader - The private client share dealing service will be complimented by an online share trading platform www.umextrader.com to approved private individual clients of LCF so they can trade Sharia compliant stocks listed on main markets around the world.

Institutional Trader - LCF is also pleased to host and launch an online professional market participant (B2B) trading platform UMEX Trader.

The platform is a fast, simple and transparent method for institutional clients and wealth management intermediaries to trade in over 10,000 Sharia compliant securities and investment products, complementing UMEX's global trading capability to provide continuous market making during global trading hours.

This new B2B service makes UMEX TRADER the world's first Sharia compliant trading platform providing clients instant access to all traded asset classes as well as investment products based on a range of underlying assets.

UMEX Trader has been developed in conjunction with leading financial technology providers Infront and ULLink. The platform has advanced algorithms and cutting edge technology, providing a powerful tool enabling clients to trade a wide range of investment products via a user-friendly interface within a secure environment. The interface provides the user with real-time quotations and the ability to immediately execute trades.

Mutual Fund platform - Ethical & Sharia compliant Fund platform for professional market participants, market members, Fund managers, investors and collective investment institutions. In general, all market participants will benefit from the efficiency and speed of the platform.

The platforms execution and settlement is powered by SEB, one of the largest banks in Skandinavia.

The platform will allow for new subscriptions and redemptions. Since the Sharia fund market is at a very embryonic stage, this platform has been initiated with a view to offering greater transparency, flexibility and accessibility to this type of financial product

To begin with, the platform will host around 500 offshore and onshore funds that will be pre screened for Sharia compliance.
"The community of traders, fund managers and their clients who want to invest ethically in accordance with the principals of a value system and particular faith has become too large to ignore. The Sharia compliant service specifically addresses the needs of the Sharia investment community by putting together various technologies and services in a new way, resulting in a significant value add for these clients and a market leadership position for LCF and UMEX."

Rajiv Lutchmiah, owner and Director of LCF Securities commented: "We are delighted to be providing this branded service to investors using the Sharia compliant screening services offered by UMEX Securities." LCF Securities, which has taken over the activities of Newton Securities Ltd., was established in 2011 to provide value-for-money share services for retail and institutional investors. Its services include buying and selling on Mauritius and international bourses investment advisory for pension funds and High Net Worth Individuals, distribution of investment products and acting as sponsor for companies or funds planning to be listed on the Stock Exchange of Mauritius."

Mahesh Jayanarayan, CEO of UMEX Securities Group. "The introduction of this joint service between LCF and ourselves is just one of many initiatives that we are looking to introduce over the next couple of months. The service has been designed not just for Islamic investors, but also for private investors looking for ethical investments or for those simply wishing to move away from the conventional sector."

The service will be available from 1st February 2013.

Investors looking to apply for a Sharia compliant LCF share dealing account should contact:

LCF Securities Ltd
Level 8, Happy World House, 37 Sir William Newton Street, Port Louis, Mauritius
T: +230 208 8626
M: +230 255 7491
F: +230 208 8749
E: carina.loibl ( @ ) umexcmg dot com
E: rajiv.lutchmiah ( @ ) lcfsecurities dot com

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