AG|Capital expands Islamic Finance coverage

AG|Capital expands Islamic Finance coverage

AG|Delta today announced the increased coverage of its AG|Capital Solution to include support for Islamic Investment and Risk Management Products.

"The developments in Wa'ad (universal undertaking) in combination with existing Murahaba principles have enabled Islamic banks or Regional Banks with Islamic Finance Windows in the GCC and Asia to not only replicate conventional structures but innovate in their own right whilst respecting the fundamental principles of Shariah Law" said Andrew Au - Managing Director and Co-Founder at AG|Delta.

"The way the AG|Capital solution is architected enables our team to quickly adapt our solution to manage the life-cycle of Islamic Financial Products (which includes approvals with local Islamic Scholars) without the constraints legacy solution providers face" he adds.

The development of Islamic Financial Investment and Risk Management products has gathered pace in the Middle East and Asia Pacific. David Ishoo-Mirzayoo, co head of the derivatives and solutions group, EMEA, at SG CIB, estimates the total Islamic assets unders management in the banking sector are about $200bn.

About AG|Delta

AG|Delta offers  Electronic Dealing, Client & Portfolio Centric Electronic Trading Software Solutions  to the Private Wealth Management industry. Headquartered in Singapore with offices across Asia Pacific, we are a recognized innovator in financial technology .

Our clients are many of the fastest growing global and regional financial institutions in the world. They are using our flagship solution AG|Capital - to fast-track building a world-class wealth platform to better support their Wealth Managers & empower their customers. Through AG|Capital's increasing network of investment product & liquidity providers, our clients are able to achieve great strides in achieving business automation and a truly open architecture business platform to grow Assets Under Management & Revenues in a sustainable fashion.

AG|Delta's achievements include being recognized as a Top  E-Commerce & Client Interface Solution Provider in the Structured Products Global Survey for the last 3 years running as well as recently receiving the prestigious Red Herring Asia 100 VC award.

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