Riyadh – Mubasher: Horizon Capital AG decided to set up a Sharia-compliant Trade Finance Fund and administer a Special Managed Account.
Hence, the company has partnered up with Shariyah Review Bureau (SRB) to provide Sharia insight, certification, and monitoring through Sharia audit, according to a press release on Monday.
Horizon Capital AG is a one-stop-shop for businesses and private financial needs, specialising in short-term private debt strategies linked to natural resources.
Managing Partner of Horizon Capital AG, Sebastien Max, remarked, “Given the strategic importance of the Middle East, we are delighted to be working with SRB which has an extensive geographic footprint and over a decade of heritage in providing Sharia advisory services to institutions in the region.”
CEO and Founder of SRB, Yasser S. Dahlawi, said, “We are excited to work with Horizon Capital AG as their Sharia Advisor on the Trade Financing Fund and Managed Account initiative. We believe that this Sharia compliance offering will not only align to its ESG vision, but further enhance its high ethical standards.”