Ajyad Capital has announced a strategic partnership with Ratings Intelligence to enhance its forthcoming fully digital trading platform, developed in collaboration with WealthTech provider Velexa.
The Bahrain-based firm, licensed by the Central Bank of Bahrain since 2003, said the initiative would integrate advanced Shari’ah-compliance screening and advisory technology to strengthen its offering.
The move comes as Shari’ah-compliant investing continues to expand across the Middle East and beyond, fuelled by growing demand from Gulf Cooperation Council (GCC) investors who are looking for opportunities that align with their values while offering access to international capital markets.
Ajyad Capital head of WealthTech Yaqoob Al Balooshi said, “This partnership with Ratings Intelligence represents a significant milestone in our mission to democratize Shari’ah-compliant investing for investors across the GCC and beyond.
“By integrating their cutting-edge screening technology, we are ensuring that our investors will have access to the most reliable and comprehensive Shari’ah screening solution available in the market.”
The collaboration builds on Ajyad’s existing work with Velexa, which is powering the digital application tailored for the Gulf region.
Velexa CEO and founder Tamara Kostova said, “We’re honoured and excited to become the tech partner of Ajyad Capital in revolutionizing Shari’ah-compliant investing across the GCC.
“By uniting our advanced investing platform with Ratings Intelligence’s trusted Shari’ah screening expertise, we are delivering a seamless, fully digital investing experience that empowers millions of underserved investors to grow their wealth confidently without compromising their Shari’ah values while opening access to regional and global capital markets for future growth.”
Ratings Intelligence brings specialist expertise in screening and profit purification. Its head of research Abdul Hadi Shaikh said, “We are excited to partner with Ajyad Capital to bring our Industry defining Shari’ah compliance screening, monitoring and purification tech and data capabilities to the GCC’s investment market. This partnership demonstrates our commitment to making Islamic investing and wealth management more accessible and transparent for individual investors navigating the complexities of Shari’ah-compliant investing through our technology, advisory and Shari’ah data solutions.”
Velexa, headquartered in the UK, has emerged as a major WealthTech provider. It enables financial institutions to embed investment solutions directly into their platforms and is active across Europe, the GCC, and Southeast Asia, with a recent expansion into Brazil. The company’s modular technology is designed to increase accessibility, financial literacy and engagement, positioning it as a significant player in democratising investing worldwide.
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