Record Asset Management GmbH (RAM), the European arm of London-listed Record Financial Group, has launched Record Amanah, a dedicated platform for Sharia-compliant investment solutions. The initiative, developed in partnership with Khalij Group, targets institutional investors seeking private market opportunities aligned with Islamic finance principles. The platform expands RAM’s private markets capabilities and aims to address rising demand in regions including the Middle East and Southeast Asia. Record Financial Group manages USD 115 billion in assets globally, serving pension funds, sovereign institutions, and other institutional clients across offices in London, Hamburg, Zurich, Zug, New York, and Hong Kong. This launch underscores the Group’s commitment to delivering bespoke investment solutions that combine rigorous risk management with adherence to ethical and religious frameworks.
Record Amanah Partners with Khalij Group to Expand Private Markets Offerings
Record Amanah was established through a collaboration with Khalij Group, a London-based Islamic finance advisory firm with extensive experience in structuring Sharia-compliant investments. The platform will initially focus on private equity and private market investments, structuring solutions to comply with Sharia principles while maintaining Record’s standards for risk management and governance. Sharia-compliant finance emphasizes ethical investing, prohibiting interest-based transactions and speculative activities, while promoting profit-and-loss sharing and asset-backed financing. By integrating these principles with Record’s institutional-grade investment processes, the platform seeks to provide tailored opportunities for investors navigating both private markets and Islamic finance requirements. Record Financial Group’s global presence and Khalij’s specialized expertise position the partnership to address the complexities of cross-border compliance and investor preferences.
Strategic Expansion Targets Growing Institutional Demand in Key Regions
The launch follows Record’s recent Sharia-compliant transactions, including a client engagement in Brunei, and reflects growing demand from institutional investors seeking investment opportunities that combine attractive risk-adjusted returns with adherence to Islamic finance principles. CEO Jan Hendrik Witte stated the platform aligns with the Group’s private markets strategy, combining Record’s investment expertise with Khalij’s Islamic finance knowledge. The initiative positions Record to serve international investors, particularly in markets where demand for Sharia-compliant private investments is rising. Asim Khan, CEO of Khalij Group, emphasized that Islamic finance is rooted in partnership, transparency, and productive economic activity, adding that the platform bridges these values with Record’s global reach. The Middle East and Southeast Asia are priority regions due to their large Muslim populations and increasing institutional appetite for ethically aligned private market exposure. This expansion forms part of Record’s broader strategy to enhance its private markets offering and create differentiated capabilities for clients worldwide.
Key Takeaways
- Record Asset Management GmbH (RAM) has launched Record Amanah, a Sharia-compliant investment platform targeting institutional investors in private equity and private markets.
- The platform is developed in partnership with Khalij Group, combining RAM’s investment expertise with Khalij’s Islamic finance advisory capabilities.
- Strategic focus on regions with growing demand for Sharia-compliant solutions, including the Middle East and Southeast Asia, aligns with Record’s global expansion goals.
- Record Financial Group, managing USD 115 billion in assets, leverages its private markets infrastructure to support the platform’s offerings.
- The initiative reflects increasing institutional interest in Islamic finance and private market investments, particularly in emerging markets.
FinanceInsyte's Take
Record Amanah signals a targeted effort to formalize Sharia-compliant private market solutions amid institutional investor interest. While the platform’s success will depend on adoption and performance, it highlights the growing intersection of Islamic finance and private equity. Buyers and executives should monitor how the partnership balances commercial objectives with Sharia compliance in evolving regulatory and market conditions.
Source: Businesswire
