Record plc has entered the Sharia-compliant market with a major new platform launch: Record Amanah. This dedicated investment solution is expected to manage around £85 billion (approximately USD 115 billion) of assets, based on the group's current institutional client base, which includes pension funds, foundations, and sovereign institutions.
The new platform aims to tap into growing demand from global investors seeking investments that align with Islamic finance principles. Record Amanah has been developed in collaboration with Khalij Group, a London-based specialist in structuring Sharia-compliant investments. This partnership brings together Record's expertise in private markets and risk management with Khalij's deep knowledge of Islamic finance.
Initially, Record Amanah will focus on private markets and private equity opportunities, offering investment solutions structured according to established Sharia principles. The move is expected to strengthen the Group's ability to serve a broader international investor base, particularly in regions like the Middle East and Southeast Asia where demand for Sharia-compliant investments is experiencing significant growth.
Commenting on the launch, Jan Hendrik Witte, CEO of Record Financial Group, stated that it represents a natural evolution of their private markets strategy. Asim Khan, CEO of Khalij Group, highlighted the partnership's potential to combine Islamic finance principles with institutional expertise, creating compelling opportunities for investors.
The new platform is part of Record's wider objective to enhance its private markets offering and develop distinct investment capabilities for its global clientele. This trend towards diversified and ethically aligned investment products is gaining momentum across the financial industry as investors increasingly seek sustainable returns alongside social responsibility.