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Thursday, December 3 - 2009

iHilal Financial Services joins world financiers

  • United Kingdom: Tuesday, February 19 - 2002 at 11:53
  • PRESS RELEASE

Representatives from more than 170 of the world's leading banking and financial institutions recently gathered in London for the Islamic Finance Summit 2002, at which they discussed the growth of Islamic banking and investment globally, and ways to bring greater levels of innovation and consolidation to the industry.

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  • Ramzi Abu Khadra, CEO of iHilal Financial Service, addressing Islamic finance community at the London held Islamic Finance Summit.
    Ramzi Abu Khadra, CEO of iHilal Financial Service, addressing Islamic finance community at the London held Islamic Finance Summit.
iHilal Financial Services, the world's first regulated online Islamic financial services provider, conducted a series of educational activities and seminars at the summit focusing on the benefits of online Islamic investment practices and providing better understanding of the philosophy of Islamic economics.

iHilal Financial Services also used the event to educate the worldwide Islamic banking community of the benefits of online Islamic investment solutions and products.

"The Islamic Financial Summit presented an ideal opportunity for iHilal Financial Services to meet with the main players in the banking industry worldwide to discuss challenges facing the Islamic financial industry," said Ramzi Abu Khadra, CEO of iHilal Financial Services, who addressed the summit attendees about leveraging Internet-based distribution strategies to drive Islamic banking into the information age.

"The summit allowed us to present iHilal's diversity of Islamic financial services, and the role these services play in enabling banks to provide advanced Islamic online financial services and products to their customers," added Abu Khadra.

Abu Khadra explained to the summit's delegates how advanced online financial solutions and products can be used as an attractive long-term revenue generating vehicle for banks and financial institutions to attract Muslim investors.

iHilal presented summit attendees with live demonstrations of it's value proposition including: its online Islamic financial platform, B2B co-branded solution, and portfolio management solutions.

iHilal's online financial platform for the retail market offers Islamic stock trade options and mutual funds for Muslim individual investors around the globe.

On the corporate level, iHilal's B2B co-branding solutions are designed to provide a cost-effective and successful entry for banks into the Islamic financial space. Also on the corporate level, iHilal's portfolio management solution is comprehensively developed for independent financial advisors.

Attendees to iHilal presentations at the London event, representing the leading Islamic banking and financial institutions in the world, engaged in a lively discussion regarding the online Islamic investment products and services, and the direction this industry will take in the future.

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Notes and media contacts

About iHilal Financial Services
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.

iHilal Financial Services aims to become the destination for Muslim investors worldwide enabling them to conduct Sharia'ah-compliant financial transactions in a convenient and easy-to-use manner.

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 (Dubai Internet City - the world's first free trade zone for IT and e-Business), and Minneapolis, Minnesota USA.

For further information, please visit iHilal Financial Services web site at:
http://www.ihilal.com.

For media information, you are welcome to contact:
Wallis Marketing Consultants
T: (971-4) 332-3225
F: (971-4) 332-3228
Attn: Michael E. Wallis, Nawfal Al-Jourani

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