Save Technologies announces partnership with Bahrain's Largest Bank, Ahli United Bank

HOUSTON - Dec. 2, 2024 - PRLog -- Ahli United Bank (AUB) and Save Technologies have announced a strategic partnership to introduce a unique Shari'a-compliant structured investment product.

Ahli United Bank is the largest bank in Bahrain, operating across eight countries in the Middle East and the United Kingdom with total group assets exceeding $100 billion. The product features a rules-based strategy that gives Ahli United Bank's clients exposure to a dynamic portfolio containing Shari'a-compliant equities and commodities. The exposures across the asset classes are determined based on a combination of macroeconomic and technical signals, which contain a volatility control overlay to manage risk and to enable capital protection for the customer's investment.

This innovative offering represents a significant advancement in the realm of Islamic finance.

"Innovation in this space is long overdue, and we're proud to partner with AUB on this first-to-market product. This partnership with AUB provides an innovative Shari'a-compliant service to the bank's customers through better pricing, execution, and overall superior added value." said Michael Nelskyla, CEO and Founder of Save Technologies.

By leveraging Save Technologies and AUB's industry expertise, this structured investment product not only fulfills the rising demand for Shari'a-compliant investment options, but also provides a low-risk pathway for investors seeking to diversify their financial portfolios.

"We are thrilled that Ahli United Bank has successfully transitioned to a fully-fledged Islamic bank," said Bassam Alali", Acting Deputy GCEO – Treasury & Investments at AUB.

Save Technologies, a leader in deposit investment technology, played a pivotal role in this partnership by developing Shari'a-compliant portfolios through advanced portfolio construction techniques and focusing on a diverse set of Shari'a-compliant assets.

Working with leading Shari'a advisory firms such as Ratings Intelligence and global investment banks also helped ensure that all of the investment components of the product strictly adhere to the rules and principles of Shari'a.

This collaboration also allows AUB's clients to reap the benefit of rigorous pricing and valuation services, providing a seamless customer experience.

"Islamic finance assets amounted to $4.5 trillion in 2022, and are estimated to grow to $6.7 trillion by 2027", added Michael Nelskyla.

For more information about this innovative offering and Save Technologies' services, please contact the company at joe@joinsave.com

Save Technologies
Website: www.joinsave.com

Ahli United Bank
Website: www.ahliunited.com