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The Dubai Financial Market (DFM) has released its margin parameters for various financial instruments, effective from May 9, 2024. The base margin percentages range from 5% to 13%, with the base margin per contract varying between AED 2 and AED 2048, and USD 767 for OMOIL. The spread margin per contract ranges from 1 to 410. The DFM has also provided links to its guidelines and procedures for margin calculation and eligible margin types. The information is subject to change and should be used in conjunction with the DFM's Regulated Derivative Contract Trading Regulation.
Amlak Finance reported an 89% increase in its net group profit after income tax for Q1 2024, compared to the same period in 2023. The company's total assets stand at AED 3.14 billion. Amlak is currently in advanced negotiations to exit its current Common Term Agreement. The company's revenue from financing and investing business increased by 14% to AED 33 million during Q1 2024, but total revenue decreased by 9% to AED 68 million. Amlak's operating costs were down by 23% to AED 23 million. The company also repaid AED 23 million to financiers during Q1 2024, and has settled 84% of its Islamic deposit liabilities since 2014. However, Amlak's financial position was impacted by the devaluation of the Egyptian Pound against AED.