IslamicFinance.de

#Malaysia's Farringdon Group is about to launch its new Robo-adviser service which follows Shariah investment guidelines. Their new system branded Algebra relies on smart beta trading algorithms to derive its active equity portfolio. It blends the data with fixed interest Exchange Traded Funds (ETF’s) or Sukuk bond funds to derive a risk weighted portfolio suitable for any investor. Its shariah investment strategy is approved by Shariah Scholar Datuk Dr Daud Bakar of Amanie Advisors, the official launch date is set for July 10th 2017. By asking questions online, Algebra can complete a fact find and calculate its clients risk attitude and this cuts out the need for expensive consultants. Together with the Shariah version of this platform Farrington have also built and incorporated a Non-Shariah option.