Islamic Finance

UAE’s Tabreed certified Shariah-compliant

United Arab Emirates-based National Central Cooling Company, or Tabreed, has been certified a Shariah-compliant stock on the Dubai Financial Market (DFM), the company said in a media statement today. 

Tabreed is certified Shariah-compliant according to the screening criteria approved by the UAE's Unified Committee of Islamic Banks for Shari'a Screening of Equities. 

Tabreed is a utility company with 72 district cooling plants and currently delivers over 1 million refrigeration tons to infrastructure projects such as Abu Dhabi's Yas Island, Sheikh Zayed Mosque, Dubai Metro and the Jabal Omar Development in Mecca, Saudi Arabia, according to the statement. It has 63 plants in the UAE.

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