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Friday Nov 15, 2024
Monday, 6 August 2012 00:00 - - {{hitsCtrl.values.hits}}
Amana Capital Ltd. formally announced the launch of its equity agency tie-up with Capital Alliance Securities (Pvt) Ltd., adding equity trading to its portfolio of financial services.
Amana has been Sri Lanka’s pioneer in Islamic Finance and now strongly believes that there is a need for diversified wealth management products.
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 portfolio of investment solutions.
Capital Alliance (CAL) is a full-service investment bank based in Colombo with branches in several of the main cities in the country. Its mission is to be ‘The Preferred Partner in Capital Markets’.
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 is built on the principles of excellence in execution, research and product innovation.
CAL’s strength is in bringing expertise from all aspects of the financial markets in the country. Being a licensed primary dealer, stock broker and fund manager, the company also enjoys close business relationships with a large network of local clients.
CAL also possesses an extended network of foreign clientele including renowned global investment banks as well as significant high net worth individuals. The Capital Alliance Group also takes a ‘one firm’ approach to its business and are hence in a position to offer integrated and customized solutions, all under one roof.
Kishan Vairawanathan, Executive Director, CAL Securities, commented: “CAL believes that there is an untapped potential market for equity especially in the Islamic finance based community.”
Yusuf Issadeen, Manager – Equities, Amana Capital, 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 of the market. However, for those who have been analysing the market for the last 10-20 years this is simply part of a cycle. We strongly believe that the correction is nearing its end and fundamentally sound shares will revert to their true value. The levels of foreign inflow over the last couple of months have been a clear indicator that many foreign fund managers are of the same opinion.”
