Alpha Capital, the Kingdom’s latest novel boutique Investment firm focused on Asset Management and Alternative Investments announced today the assignment of Shariyah Review Bureau (“SRB”) to oversee its Sharia compliant investment funds and securities business.
Alpha Capital’s bespoke products and services, are designed to help investors build and grow their investors, and include direct access to fixed income fund, structured products, discretionarily managed portfolios, investment real-estate funds and private funds. The combination of Alpha’s specialist knowledge in identifying risks and optimizing investments is seeing an increased level of interest from regional institutional clients. The firm has already established two standalone Sharia compliant public Funds this year and is now working on a range of investment funds to meet the needs of its growing private asset business in the Kingdom. Fahad Khalid AlSaud, Managing Director and CEO at Alpha Capital, said: “we are working hard in building great opportunities for institutional investors and HNW’s in the Kingdom wanting to diversify their portfolio with an excellent return profile in multiple asset classes.” Speaking on alpha returns he added “the needs of the markets are changing and diversification backed with positive returns are key to creating wealth, and this is why we are structuring our investment case with alpha based returns in this challenging market.”
Commenting on the assignment of Shariyah Review Bureau, Moath AlNaeem, Chief Investment Officer at Alpha Capital stated, “We welcome SRB to our investment business. The appointment of a global Sharia advisory firm which has certified investments across all asset classes and with deep knowledge of the Islamic industry highlights our commitment to growth in Sharia compliant alternative investment business.”
Shariyah Review Bureau is licensed by the Central Bank of Bahrain and has hundreds of clients covering multiple industries around the world. Its services have grown in demand as financial institutions continue looking for ways to speed-up the Sharia compliance management process and to reduce costs on Sharia Boards overheads. “We strive to be a complete Sharia advisory resource for asset managers, providing them with the full spectrum of Sharia certification and Sharia equity screening services they need to help meet their goals,” said Yasser S. Dahlawi, Founder and CEO of Shariyah Review Bureau. “Creating long-term value between institutions and scholars has always been at the core of our business and we believe that we have succeeded by building a scholarly platform spreading over 19 countries and a committed team of in-house consultants that can deliver quick reviews and certification, as well as deliver and monitor Sharia compliance for clients like Alpha Capital.”