IslamicFinance.de

Press Release

San Francisco, USA-Riyadh, Saudi Arabia, Feb., 15th, 2010 – Khalijia Invest, a leading global Shari’ah compliant investment firm chaired by HH Prince Sultan Bin Mohammad bin Saud Al Kabeer and regulated by the Capital Markets Authority (CMA) today announced that it has selected IdealRatings Inc., a global Shari’ah compliant fund management service provider to take full advantage of IdealRatings’ universe screening and Shari’ah compliant fund management service.

Khalijia Invest needed a robust, fully integrated Shari’ah compliant fund management service to streamline it Shari’ah funds investment process and analysis, and turned to IdealRatings for its integrated Shari’ah funds service capabilities.

IdealRatings enable portfolio managers to maximize Alpha through a detailed Shari’ah compliant universe research for more than 40,000+ equities in 100+ countries, which results in more than 12,000 + compliant equities. Dhafer Salih Alqahtani, EVP & Deputy CEO of Khalijia Invest asserted that “IdealRatings increase our efficiency and empower our portfolio managers to concentrate on generating more Alpha for our Investors”

“Having a complete Shari’ah fund management service capability is increasingly essential in today’s investment process,” said Dhafer Salih Alqahtani, EVP & Deputy CEO of Khalijia Invest “ IdealRatings offers the best of breed service for Shari’ah compliant funds, which really helps the portfolio managers to maximize returns for investors by getting access to the largest available Shari’ah compliant universe with a complete understanding of the purification implications before making an investment.

“As Shari’ah compliant fund managers demands more services to maximize Alpha, we have developed a state of the art online service to meet such demands,” said Mohamed Donia, CEO of IdealRatings. “Khalijia Invest has a veteran and talented team who have been managing Shari’ah compliant funds for decades. We are proud to meet the expectations of such team.