Turkey based Investrade Portföy Yönetimi AS (IPY) has appointed Shariyah Review Bureau (SRB) to help ensure Sharia compliance for its Investments Funds, portfolio management and distribution services business.
 
IPY seeks to provide end-to-end real estate fund, pension and private mutual funds, discretionary portfolio management services including sourcing, structuring and arranging finance for assets. It will also focus on creating efficient ways to achieve goal as per the targeted acquisition assumptions.

“We are proud of our team’s experience in delivering superior investment opportunities, yet we are still committed to improving every phase of our portfolio management process with our investors,” said Dr. Hakan Berooglu, board member & CEO of IPY.

 He added: “Sharia compliance experience is important to our investors. That’s why we selected Shariyah Review Bureau; they have the capabilities to manage our Sharia compliance touchpoints so we can deliver great experiences in our services by helping us build authentic Sharia compliant transactions for our sophisticated customers.”

 Under the Sharia Advisory agreement, SRB will provide IPY with Fund structuring support, documentation certification, Sharia audit maintenance, consulting and Sharia advice on portfolio management services for its Turkey office. The agreement, is intended to help IPY reduce the Sharia compliance costs of its transaction, with the savings used to help the company enhance its sourcing resources and distribution capabilities and deliver tangible business value.

“As a luxury-based Investment company, our goal is to contribute to more vigorous opportunities through improved positions,” said Dr Halil Arslan, senior portfolio manager at IPY. “Through our initiative with Sharia compliant acquisitions, we will streamline screening, leveraging and investment operations with SRB’s Sharia certification services, enabling us to respond quickly to the evolving real-estate and equity based opportunities in Turkey.”

 Yasser S Dahlawi, founder and CEO of SRB, said: “We are excited to help Investrade Portföy Yönetimi implement its Sharia compliant strategy. Leveraging our expertise in the investment industry, our knowledge and experience gained by serving scores of companies around the world, and our Sharia advisory processes, we will help support their growth in innovative projects in Turkey.” – TradeArabia News Service