Islamic Asset Management (“IAM”) offers a range of asset-backed investments and finance, in accordance with Islamic law, to institutional and professional clients in the Arab world. The Bank’s wholly-owned subsidiary, ABCIB Islamic Asset Management Limited, provides advisory services which effectively segregate the Islamic finance activity undertaken on behalf of clients from the Bank’s conventional products. IAM’s Shariah Supervisory Committee of Islamic law scholars ensures consistent compliance with the tenets of Islamic law.
Among IAM’s asset specialisations are leasing, real estate and commodities. IAM is well positioned within the ABC Group to bring financiers and asset providers together to generate an even wider range of investments which can be packaged as specialist funds, portfolios or securities to satisfy the increasingly sophisticated requirements of Islamic investors.
alburaq is the brand under which ABCIB provides Islamic retail banking services, including Shariah compliant property finance to British Muslims and also to non-UK residents purchasing property in the UK.