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European Islamic Investment Bank changes its name to Rasmala Group invests in the UK, Europe, Middle East, Africa, and the US, focuses on development of alternative products and real estate investment
The European Islamic Investment Bank Group has changed its name to Rasmala, specialising in asset management and financial investments services. Rasmala group is listed on the AIM market of the London Stock Exchange, which reflects its obligation to its investors' clients in the Gulf and its role to invest Gulf money on global markets. The move coincided with the renewal of the new brand identity and selection of a new logo. Rasmala was founded in 1999 and has grown over time to become a leading group in the field of assets management and asset-backed financing solutions. The company has a proven track record of successful and stable investments. The group delivers a range of investment solutions in a number of fields, such as trade financing, leasing, and real estate. The company's assets management unit provides important services in fields of equity, fixed income, and stock market funds. The total assets under management of the group have reached $1.1bn. Group CEO Zak Hydari said Rasmala established its position as a respected and appreciated brand in the Gulf for over 15 years. "Our outstanding presence and our record of successful investment played a key role in building a well-established institution that provides investment products and innovative solutions to regional and international clients," Hydari said. The group established a new corporate identity to focus on managing first-class investments. "Changing the name to Rasmala was the next logical step for us to unify all our products under a single trusted brand," he said. "We look forward to accelerating growth and development of the group to enter new markets and introduce new products."
