iHilal plans corporate solution for financial sector

iHilal Financial Services is targeting corporate investment entities with its freshly unveiled iHilal Institutional financial and advisory service.

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By  Matthew Southwell Published  March 14, 2002

iHilal Financial Services has unveiled an Islamic financial and advisory service, called iHilal Institutional. Targeted at corporate investment entities in the Middle East and elsewhere, the aim is to provide financial institutions in the region with a complete Islamic investment solution. At the same time, the company has appointed a new managing director, Abdullah Najia, to handle the institutionally focused service.

“Having successfully completed iHilal’s retail services offering, the time has come to complement iHilal’s Internet based services with a more face-to-face approach, providing Islamic financial solutions that cater to the institutional and high net worth individual investor,” says Ramzi Abu Khadra, CEO of iHilal Financial Services.

“With the introduction of iHilal Institutional, iHilal intends to offer a complete portfolio of advanced Islamic financial services and products for the retail, high-net worth, and to the corporate sectors in the Middle East,” he adds.

According to the company, its new strategic focus has been developed in response to market conditions as it sees an increasing demand for advanced and credible Islamic financial products for the corporate financial sector in the Middle East.

“The Islamic financial industry is largely fragmented and decentralized. And the launch of iHilal Institutional would provide financial institutions in the region with access to a host of best-of-breed solutions and products that are developed by world-class financial companies,” says Abdullah Najia, managing director, iHilal Institutional.

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