Shari’ah Compliant Equities

Amana Capital Ltd., announced the launch of its Equity Agency tie up with Capital Alliance Securities (Pvt) Ltd., adding Equity Trading to its financial services portfolio.
Amana Capital through its tie up with Capital Alliance Securities believes that it is in a unique position to offer a shari’ah compliant total equity management solution to its Corporate and Individual clientele. This solution will include an array of services such as research and advisory services enabling clients to create a diversified investment solutions portfolio.
Capital Alliance (CAL) is an investment bank based in Colombo with branches in several of the country’s main cities.  CAL has established itself as a leading player in the financial markets specializing in the origination, trading and investment in debt and equity securities.
CAL’s strength is in bringing expertise on all aspects of the island’s financial markets. Being a licensed primary dealer, stockbroker and fund manager, the company enjoys close business relationships with a large local client network.  CAL also possesses a foreign clientele network including renowned global investment banks as well as high net worth individuals. CAL Securities Executive Director Kishan Vairawanathan said, “CAL believes that there is an untapped potential market for equity, especially in the Islamic Finance based community.”    Amana Capital’s Equities Manager Yusuf Issadeen said: “Those who’ve been watching the market over the past year would have seen a down trend which would have given them a negative picture. However, for those who have been analyzing the market for the last 10-20 years, this is simply part of a cycle. We believe that the correction is nearing its end and fundamentally sound shares will revert to their true value.  Foreign inflow levels over the last couple of months have been a clear indicator that many foreign fund managers are of the same opinion”.