Salam Investment Explained

Salam Investment Ltd.
Type:Private limited company
Founded: in Munich, Germany
Fate:Unknown
Key People:Bilel Briki (Chairman)
Products:Investment banking, corporate banking, private equity, asset management, private banking, fine arts, Commodity trading
Subsid:Salam Investment Europe Foundation

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.

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

The 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.

Notes and References

  1. Web site: Salam Investment. Salam Investment Website. Salam Investment Ltd.. 30 September 2013. dead. https://web.archive.org/web/20131023010252/http://www.salam-investment.com/about/. 23 October 2013.