ANB Invest, the investment arm of Arab National Bank, has signed a distribution agreement with Derayah Financial. According to this agreement, Derayah will make ANB Invest’s Sharia-compliant mutual funds available to individual investors through its website www.derayah.com.
Mr. Nasser Al-Tuwaijiri, Director of Sales and Marketing at the ANB Invest, said that this agreement comes as a conclusion to the company's efforts to increase marketing channels of its investment funds, and also a commitment to provide the best investment products that meet customer needs, stressing that transparency and credibility of Derayah Financial has played a key role in ANB Invest’s decision to sign a distribution agreement and make its mutual funds accessible to a wider audience of investors.
On his part, Mr. Mohammed El-Kuwaiz , the Managing Director of Derayah Financial, said that he was delighted that ANB Invest has joined the growing number of Banks and Investment Companies who have entrusted Derayah to list their mutual funds on Derayah’s platform.
He added: "We are proud of this new partnership which we believe, will add value and provide more choice for investors, as ANB Invest’s Murabaha funds were the best performing among Mutajara and Murabaha funds since the beginning of this year." He also noted that the unified website which was launched by Derayah to make all Sharia-compliant mutual funds available under one roof, has attracted the attention of Banks and Investment Companies that are seeking to gain access to larger segments of customers. "
