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Salam Investment (Arabic: السلام للاستثمار), was an Islamic brokerage and commodity trading company. It was founded in Munich, Germany and operated in Europe as well as in Saudi Arabia, United Arab Emirates, Qatar, Bahrain, Kuwait and Oman. The company was registered and headquartered in Mahé, Seychelles.
 | |
| Company type | Private limited company |
|---|---|
| Industry |
|
| Founded | 2006 in Munich, Germany |
| Founder |
|
| Defunct | 2014 |
| Fate | Unknown |
| Headquarters | |
Key people | Bilel Briki (Chairman) |
| Products | Investment banking, corporate banking, private equity, asset management, private banking, fine arts, Commodity trading |
| Subsidiaries | Salam Investment Europe Foundation |
| Website | www.salam-investment.com |
Salam Investment used the Islamic business model which adheres closely to the deeply rooted Islamic banking principles. The Sharia-compliant banking was planned to be instrumental in bridging the gap between modern financial demands and intrinsic Islamic values.
History
editThe firm was setup in 2006 as part of a consortium of companies particularly strong in the Middle East, especially in Saudi Arabia, Qatar, Bahrain, Kuwait, and the UAE countries. Salam Investment consistently held board position in each of the companies it invested in.
The company provided four core services: Islamic banking, private banking, commodity trading (metals, minerals, crude oil, oil products, coal, natural gas and agricultural products) and financial advisory.[1] Next to these four main services, Salam Investment also provided auctioneering, specialty retail, venture capital, and asset management.
The company closed down around 2014 when its website was shut down.
References
edit- ^ Salam Investment. "Salam Investment Website". Salam Investment Ltd. Archived from the original on 23 October 2013. Retrieved 30 September 2013.