The Qatar Ladies Investment Company (QLIC) recently announced the launch of its online Islamic financial service using iHilal Financial Services’s co-branded online financial platform. Through its partnership with iHilal, QLIC now provides its customers with Islamic investment services available in global financial markets. Islamic equities from iHilal are determined to be Shar’iah-compliant through the use of iHilal’s Islamic Stock Filter, which is based upon the Dow Jones Islamic Filter, reported a press release.
“QLIC is focused on providing innovative and best-of-breed financial products and services to its customer base in Qatar,” said Sheikha Hanadi Bint Nasser Al Thani, QLIC Managing Director.
The QLIC is the first established investment institution to be licensed and regulated by Qatar Central Bank. Although serving both men and women, QLIC gives special attention to the investment needs of female investors. The bank has a host of financial investment services and activities that include asset management, corporate services, family financial planning, and Islamic services.
“iHilal Financial Services offers a scalable brokerage and funds solution that would enable QLIC to participate in the online investment services market without having to invest in a costly, Islamic-compliant, proprietary e-commerce platform,” continued Sheikha Hanadi Bint Nasser Al Thani. iHilal's co-branded platform enables QLIC to provide its customers with benefits that include Islamic stock trade opportunities, Shari’ah-compliant mutual funds, and numerous investor decision-making tools.
iHilal Financial Services is an online service specializing in Islamic financial products and services. As a regulated and global company, its current offerings include an online Islamic stock trading service, as well as an Internet platform to invest in Islamic mutual funds provided by leading financial institutions.
Founded in March 2000, the company is a joint investment between Accenture Technology Ventures, the venture capital unit of Accenture and Rasmala Islamic Finance Ltd., a subsidiary of Rasmala Private Equity Group, a consortium including Deutsche Bank, Saudi American Bank (a Citigroup affiliate) and a number of prominent institutional and private investors. The company has offices in London, Guernsey, Dubai, Minneapolis and Minnesota. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
