Leonteq partners with Emirates Islamic
Zurich/Abu Dhabi - Leonteq has entered into a partnership with the bank Emirates Islamic. The two financial institutions are working together to offer Shari'a-compliant trust certificates. With this move, Leonteq intends to strengthen its position in the United Arab Emirates (UAE).
(CONNECT) The Zurich-based financial services provider Leonteq has entered into a partnership with Emirates Islamic, a member of the Emirates NBD Group in Abu Dhabi. The two institutions are jointly launching a Shari’a-compliant trust certificate issuance program, according to a statement. These certificates will be issued by IBDAA, a specialized issuing company for Islamic financial products. Shari’a compliance is verified by the bank Amanie Advisors Ltd.
Through this partnership, Leonteq aims to combine its core competencies in investment solutions, structuring expertise, and technology integration with Emirates Islamic's approach to transforming the banking landscape. One of the goals of these activities is to expand Leonteq's reach in the UAE’s asset management market.
“We are proud to partner with Emirates Islamic, a top tier institution in the Middle East,” Leonteq CEO Christian Spieler is quoted as saying. “This collaboration will allow clients of Emirates Islamic to benefit from Leonteq’s longstanding expertise in white-labelling solutions and marks a milestone for Leonteq’s growth ambitions in the Middle East.”
For Farid AlMulla, CEO of Emirates Islamic, this new partnership opens up an even bigger product universe, investment opportunities and access to global markets.” ce/ww
