The emergence of Al Aman in the Islamic financial medium was on 17/7/2005 when The Securities House acquired Al-Shall Investment and Consultancy and changed its name to Al-Aman Investment Company. The newly acquired company activities were adjusted to allow for all investment activities allowed under Kuwaiti Laws. An Islamic Shariah council was assigned to monitor Al Aman’s activities in terms of its applicability to Islamic Shariah.
The securities House aim was to spin off its asset management business into an independent entity. The logic behind this step was to support the growth and progress of the asset management business. Thus, Al-Aman was created to become the investment arm of The Securities House and to inherit The Securities House asset management business. Whereby, a sum of 1.8 billion U.S dollars of assets under management is being transferred from The Securities House to Al-Aman. Our outlook is to double our currently managed assets through the entry of new strategic investors to our shareholders' base, with the goal of them taking advantage of Al-Aman’s asset management expertise to manage their assets and funds. Consequently, Al-Aman investment isn’t starting as a new company, as it enjoys a wealth of experience, a prestigious heritage, and a wide client base from The Securities House. Moreover, Al-Aman continues the strong reputation of The Securities House in serving its clients in excellence for the past 24 years. |