10 Hrs
Source:
الاقتصادية
New asset platform for Muslim needs
Blue Five Capital and Al Marjan Group launched a global platform for Sharia-compliant asset management aimed at meeting Muslims' needs for a variety of investment products, especially in the Gulf countries and Southeast Asia. The platform plans to offer services including retirement and savings programs, managing assets worth $3.8 billion and achieving revenue growth shares exceeding 50% since 2023. Saudi Arabia expects Islamic bank assets to increase by 9.3% to 938.4 billion riyals by 2025, with the banking sector growing to $9.7 trillion by 2029.
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