Rassanah Capital assigns Shariyah Review Bureau for Its funds compliance

Rassanah Capital assigns Shariyah Review Bureau for Its funds compliance

Saudi based Rassanah Capital, is the latest investment firm having secured license this year to provide diverse and integrated financial services designed specifically to match the financial goals of individuals and institutions. It provides services in the field of arrangement, advice, management and operation of investment funds, managing private portfolios and financial advice. Today it announces assigning Shariyah Review Bureau (“SRB”) to supervise its compliance requirements with respect to Sharia compliant investment funds and securities businesses.

Aligning to the Kingdom’s Vision 2030 and the Islamic finance strategy mapped out by Financial Sector Development Program (FSDP), Rassanah Capital has established multiple shariah compliant funds this year to meet the growing appetite of its investor base and solidify the Kingdom’s leading position as the world’s largest holder of Islamic financial assets. Fahad Bushager, Chief Investment Officer (CIO) of Rassanah Capital, said: “We are working hard in building great opportunities for both UHNWIs and institutional investors in the Kingdom wanting to diversify their portfolio with an excellent return profile in multiple asset classes.” Speaking on 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