Abu Dhabi-headquartered wealth manager Secura International has launched its global advantage plus Shariah plan through a global custodian via Jersey trust structure.
The products will help Shariah investors achieve their multi-generational wealth goals through a range of Shariah investment options and model portfolios, guided by BlackRock.
The wealth firm recently obtained permissions to conduct Islamic financial business by operating an Islamic window from its regulator Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority.
BlackRock will provide Secura with multi-asset model portfolios under a risk targeted asset allocation approach. These model portfolios will use Shariah compliant building blocks. The models are created and maintained by BlackRock’s multi-asset solutions team.
Assets of the plan are held by an independent trustee from Jersey, regulated by the Jersey Financial Services Commission (JFSC).
This comes several months after global asset manager Invesco partnered with Secura International to provide model portfolio solutions.