Ajyad Capital, a leading Shari’ah-compliant investment firm established in Bahrain and licensed by the Central Bank of Bahrain since 2003, today announced a strategic partnership with Ratings Intelligence, a UK-based provider of Shari’ah advisory services. This collaboration will integrate advanced Shari’ah-compliance technology into Ajyad Capital's upcoming fully digital trading application, made for investors throughout the GCC region.
The partnership comes at a time of unprecedented growth in Islamic finance, with the global Shari’ah-compliant investment market continuing to expand rapidly across the Middle East and beyond. GCC investors increasingly seek investment platforms that align with their values while providing access to diverse, international financial markets.
"This partnership with Ratings Intelligence represents a significant milestone in our mission to democratize Shari’ah-compliant investing for investors across the GCC and beyond." said Yaqoob Al Balooshi, Head of WealthTech at Ajyad Capital. “By integrating their cutting-edge screening technology, we are ensuring that our investors will have access to the most reliable and comprehensive Shari’ah screening solution available in the market.”
The initiative builds upon Ajyad Capital's existing collaboration with Velexa, a UK-based WealthTech innovator, to develop a fully digital trading application specifically tailored for the Gulf region. “We're honoured and excited to become the tech partner of Ajyad Capital in revolutionizing Shari’ah-compliant investing across the GCC.” said Tamara Kostova, the founder and CEO of Velexa. “By uniting our advanced investing platform with Ratings Intelligence’s trusted Shari’ah screening expertise, we are delivering a seamless, fully digital investing experience that empowers millions of underserved investors to grow their wealth confidently without compromising their Shari’ah values while opening access to regional and global capital markets for future growth.”
Abdul Hadi Shaikh, Head of Research at Ratings Intelligence noted, “We are excited to partner with Ajyad Capital to bring our Industry defining Shari’ah compliance screening, monitoring and purification tech and data capabilities to the GCC's investment market. This partnership demonstrates our commitment to making Islamic investing and wealth management more accessible and transparent for individual investors navigating the complexities of Shari’ah-compliant investing through our technology, advisory and Shari’ah data solutions.”
