Fincorp launches new investment products, mobile trading application

06/05/2015 00:23 AST

Fincorp on Tuesday launched Sharia-compliant Islamic investment banking services as well as unveiled a new mobile application, Finxpress Trade, available on popular IOS and Android platforms. This app is for those who are trading in securities listed on the Muscat Securities Market (MSM).

The event was attended by a host of media people, Fincorp board of directors and representatives from MSM, under the auspices of Sheikh Abdullah Al Salmi Chairman of the Capital Market Authority (CMA).

Sheikh Nasr bin Amur Al Hosni, CEO of Fincorp said that the new services launched by the company will complement the existing products and services carried out by Fincrop; these services will support the traditional services of Brokerage, Asset Management, private equity, corporate finance, wealth management and advisory.

The CEO highlighted that the new mobile trading application is a useful value addition to the existing tools for the investors; as it enables them to follow and trade in securities listed On the MSM. The application is intended to increase the number of traders and trading operations.

Nasr Al Hosni asserted that the new services are in line with the company vision; including increasing client assets, supporting investments and contributing to the growth of the local economy.

Throughout its journey since inception, Fincorp has put in extra efforts to develop and create new services, products and solutions for Investors. Currently, the funds and portfolios managed by Fincorp are amongst the best-performing investments in Oman and Gulf Cooperation Council (GCC), thanks to the highest level of transparency, responsibility and law-abiding the company adheres to.

"Matching the developments all over the world, Fincrop is very keen to deliver the same high quality products and services but in a way that is compatible with the Islamic law —Sharia — to give more opportunities to traders and investors to drive their wealth and assets," Al Hosni said.

Times of Oman