Drake Financial Limited and Al-Mabrook Financial Inc. unveil landmark joint venture
This pioneering collaboration leverages DFL's Exempt Market Dealer registration alongside MABROOK's technological and Halal segment expertise to democratize access to ethical investments. By integrating tokenization using blockchain technology, the platform ensures transparency, security, and efficiency setting a new benchmark for legally compliant crowdfunding in Canada.
Joint Statement
Norman Holmes, Vice President and Managing Director of DFL:
'We are thrilled to partner with MABROOK, a collaboration that marks a pivotal step in enhancing our portfolio of services and delivering unparalleled value to clients across Canada and global markets. By uniting DFL's decades of expertise with MABROOK's innovative vision, we aim to redefine industry benchmarks in quality and innovation. This partnership fosters opportunities that empower our clients, teams, and communities while reinforcing our commitment to excellence. Today is a defining milestone for DFL, and we are energized to embark on this mutually prosperous journey.'
Fahad Ahmed Siddiqui, Founder and CEO of MABROOK:
'This strategic alliance with DFL marks a transformative milestone for MABROOK as we launch the world's first Canadian securities-compliant and Ethical (Shariah-compliant) digital asset platform in our home market of Canada alongside DFL's diverse suite of investment opportunities. By uniting MABROOK's innovative vision with DFL's proven expertise, decades of market leadership, and robust infrastructure, we are accelerating our shared vision into reality. Together, we will unlock unprecedented opportunities, pioneer ethical financial innovation, and deliver enduring value for clients globally. This partnership is the cornerstone of a future redefined by groundbreaking potential. We extend our deepest gratitude to DFL for their trust and collaboration, and we are committed to ensuring the resounding success of this joint venture.'
Key Highlights of This Breakthrough Partnership
Strategic Alliance:
DFL contributes its regulatory expertise, compliance framework, and investor network access, facilitating online and offline fundraising.
MABROOK, in addition to providing its cutting-edge Asset Tokenization software platform, will be responsible for building the Halal segment under DFL's umbrella of products and services.
A Game-Changer for Canadian Investors:
This partnership redefines accessibility in ethical investing by democratizing institutional-grade opportunities, which were once reserved for high-net-worth individuals and organizations, to empower everyday Canadians. Leveraging pioneering blockchain infrastructure, the platform guarantees unmatched security and transparency, and establishes itself as a trailblazer in modern financial solutions. Rooted in a shared mission, this collaboration underscores both companies' dedication to integrity, financial inclusion, and leveling the financial playing field while unlocking untapped market potential.
About Drake Financial Limited
Headquartered at 2190 McCallum Road, Abbotsford, B.C., Drake Financial Limited is a trusted exempt market dealer and mortgage brokerage with over 30 years of experience. Specializing in asset-backed investments, DFL has a track record of delivering superior returns to investors through offerings like its Mortgage Investment Corporations (MICs), underpinned by a foundation of integrity and regulatory compliance.
Learn more at: https://www.drakefinancial.com/about
About Al-Mabrook Financial Inc.
Based at 130 Queens Quay East, Suite 1018, Toronto, Ontario, Al-Mabrook Financial Inc. is a technology-driven financial services firm dedicated to ethical and Shariah-compliant investments. MABROOK's real-world asset tokenization expertise powers this joint venture, ensuring a seamless, secure, and innovative investment experience.
Learn more at: https://almabrook.ca/about-us/
Press Contact:
For more information or media inquiries, please contact:
Drake Financial Limited:
www.drakefinancial.com
info@drakefinancial.com
Al-Mabrook Financial Inc.:
www.almabrook.ca
ahsan@almabrook.io
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
12 hours ago
- Zawya
ICIEC inks credit insurance policy with Al Baraka Islamic Bank
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a shariah-based multilateral insurer and member of Islamic Development Bank Group, has signed a documentary credit insurance policy with Bahrain-based Al Baraka Islamic Bank. As per the deal, ICIEC will provide insurance coverage for the confirmation of Letters of Credit (LCs) issued by Al Baraka Islamic Bank in connection with the import and export of eligible shariah-compliant goods and services, said the Corporation in a statement. This solution will help mitigate payment risks associated with cross-border trade while promoting sustainable growth in ICIEC's member states, it stated. The DCIP serves as a vital tool for Islamic banks, enhancing their ability to expand trade finance operations with reduced exposure to commercial and political risks. The policy also complements ICIEC's broader mandate to promote economic resilience, financial inclusion, and private sector development in member countries. It aims to strengthen support for shariah-compliant trade finance, enabling greater security and confidence in the international trade ecosystem, remarked Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC, after signing the deal with Dr. Adel Salem, Chief Executive Officer of Al Baraka Islamic Bank BSC Bahrain, "This strategic collaboration with Al Baraka Islamic Bank reflects ICIEC's unwavering commitment to advancing intra-OIC trade and investment," he noted. "By supporting shariah-compliant trade finance through our Documentary Credit Insurance Policy, we are facilitating secure trade flows while empowering Islamic banks to broaden their offerings to clients. This partnership demonstrates the power of multilateral cooperation in achieving shared development goals," he added. Both institutions reaffirmed their shared dedication to expanding the reach of Islamic finance, strengthening risk mitigation tools, and contributing to inclusive and sustainable economic development, said the statement. The duo is putting in a joint effort to enhance the capacity of Islamic financial institutions to manage trade-related risks more effectively, it added. Dr Salem said: "We are delighted to partner with ICIEC on this pioneering Credit Insurance Policy, which empowers us to extend shariah‑compliant trade finance to our clients, bolster Bahrain's role as a regional hub for Islamic banking, and stimulate sustainable economic growth across member states worldwide." "This collaboration underscores our unwavering commitment to innovation and robust risk management, giving the businesses we serve greater confidence to expand in global markets," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Khaleej Times
21 hours ago
- Khaleej Times
MultiBank Group's $MBG utility token soars on first day of launch
MultiBank Group, one of the world's largest and most regulated financial derivatives institutions, saw its $MBG Utility Token triple in value within hours of launching on major international platforms. Pre-sale buyers had the opportunity to enter at the exclusive price of $0.35, with $MBG surging to $1 shortly after trading opened, underscoring intense demand for the Group's landmark digital asset. The $MBG Utility Token is now listed on leading global exchanges MEXC and and is also available through and Uniswap. The successful pre-sale and strong market debut mark a significant step in the Group's ongoing digital transformation strategy, further enhancing its four-pillar ecosystem. Delivering utility across a range of financial applications, $MBG stands apart from speculative tokens by being anchored in substantial real-world assets (RWA), supported by an average daily trading volume of $35 billion and $29 billion in audited holdings. A $440 million buyback and burn program, scheduled over four years, will contribute to stability and future growth. MultiBank Group Chairman and Founder, Naser Taher, said: 'The remarkable rise in $MBG's value on its first day reflects the confidence investors have in our vision and the fundamentals behind our token. Such a response demonstrates the appetite for digital assets that are backed by transparency and robust regulatory standards across our platforms.' The $MBG Utility Token spans several core areas within MultiBank Group. It is embedded in the Group's flagship CFD business, which generated $362 million in revenue last year. Additionally, the token is incorporated into the forthcoming MEX Exchange, an institutional-grade crypto Electronic Communication Network (ECN) designed for large-scale liquidity aggregation and currently valued at $23.7 billion. $MBG is also integrated with real estate tokenization marketplace, developed in partnership with MAG Lifestyle Development through a $3 billion agreement to introduce premium properties such as the Ritz-Carlton Residences. Finally, it underpins the Group's highly regulated crypto exchange and the main platform for $MBG market activity. The exchange enables spot trading, derivatives, and soon, future DeFi integrations.
Khaleej Times
a day ago
- Khaleej Times
Shariah-compliant stocks turn UAE markets into year's hottest trade
The UAE's local equity markets have delivered standout returns over the past year, cementing the country's position as one of the world's best-performing investment destinations. Dubai's equity benchmark, the DFM General Index, surged more than 27 per cent in 2024 and is up a further 18 per cent year-to-date in 2025. This broad-based rally spans financials, real estate, and newly listed infrastructure companies, with Shariah-compliant stocks featuring prominently among the top performers. According to Josh Gilbert, market analyst at eToro, this momentum reflects growing investor demand for high-growth opportunities in ethically screened assets. 'Shariah-compliant stocks in the UAE have become a strong draw for both regional and international investors looking to combine financial returns with responsible investing principles,' he said. Standout names include Salik, Dubai's exclusive toll-gate operator, whose shares have soared approximately 80 per cent, including dividends, over the last 12 months. Parkin, the city's public parking operator, has seen its stock price surge over 200 per cent including dividends since its IPO last year, as investors respond positively to its stable, defensive revenue model. The financial services sector has also played a key role in driving market performance. Abu Dhabi Islamic Bank (ADIB), the UAE's second-largest Islamic bank, has posted gains of over 98 per cent including dividends in the last 12 months. Strong digital transformation, rising profit margins, and growing demand for Shariah-compliant financial services have underpinned this growth. Similarly, Amlak Finance, a key Islamic home financing provider, has seen its stock more than double in value over the past year, boosted by Dubai's thriving property market. In the real estate sector, Union Properties has emerged as one of the top performers of 2025, with shares rising over 100 per cent year-to-date. Its successful restructuring and the broader real estate upcycle have positioned it just behind Amlak Finance as one of the best-performing stocks on the DFM Index this year. These exceptional performances reflect renewed investor confidence in UAE equities. Strong macroeconomic fundamentals — including a projected real GDP growth of 4.4 per cent in 2025 and 5.4 per cent in 2026 — are helping to sustain momentum. High-profile IPOs like Parkin have further energized market participation, creating fresh investment opportunities and affirming global interest in the UAE's capital markets. Today, both the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) host a robust lineup of Shariah-screened stocks, with a large portion of all listed companies adhering to Islamic investment principles. The UAE's status as a global Islamic finance hub continues to attract capital from both Shariah-compliant and conventional investors looking to tap into the region's dynamic growth story. A compelling combination of market-beating returns, solid fundamentals, and ethical investment appeal is making UAE equities — particularly Shariah-compliant stocks — an increasingly attractive destination for regional and international capital. As the country continues to diversify its economy and bring more companies to market, investor interest in these instruments is likely to deepen further, analysts say.
