Latest news with #ZAD
Zawya
09-07-2025
- Business
- Zawya
Alpaca, Kuwait-based ZAD boost Shariah-compliant investments globally
Kuwait - Alpaca, a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, and fixed income, partnered with Kuwait-based digital investment platform ZAD to expand access to Shariah-compliant investment products. This collaboration will provide investors with access to align their financial growth with Islamic principles worldwide, according to a press release. The global Islamic finance assets exceeded $5.50 trillion in 2024, and a report from Standard Chartered expected that they might reach $7.50 trillion by 2028. This is driven by key markets like Saudi Arabia, Malaysia, Kuwait, and the UAE, with countries across Southeast Asia and Africa witnessing rising demand for Shariah-compliant financial solutions. ZAD is currently scaling access to their local Kuwait market and GCC markets like Saudi Arabia. Abdullah Alotaibi, ZAD's Co-Founder and Deputy CEO of Fintech Brokerage, commented: 'If we were a conventional investment application, we would not have reached the growth levels that we have in the past couple of years. It is very important for the people in the region. They really appreciate it, they want it, and they're very careful with what they buy.' ZAD joined forces with Alpaca to create these products, including Shariah-compliant Instant Funding, which was launched recently. The two entities are cooperating to deliver margin trading, options trading, and high-yield cash accounts, becoming one of the leading platforms to offer these products in a Shariah-compliant way. Yoshi Yokokawa, CEO and Co-Founder of Alpaca, stated: 'We are grateful to be innovating with ZAD in the rapidly growing Islamic finance and are excited to be their partner in delivering Shariah-compliant margin trading, options trading, instant funding, and more. Shariah-compliance is a key focus at Alpaca as we look to support and expand financial accessibility globally.'
Zawya
08-07-2025
- Business
- Zawya
Alpaca and ZAD partner to bring Shariah-compliant investing globally
NEW YORK & KUWAIT CITY --(BUSINESS WIRE/AETOSWire) -- Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, and ZAD, a leading Kuwait-based investment platform for Shariah-compliant US stocks and ETFs, today announced their strategic partnership to expand access to Shariah-compliant investment products. This partnership continues to open financial access for investors seeking to align their financial growth with Islamic principles. With global Islamic finance assets surpassing $5.5 trillion USD in 2024, a report from Standard Chartered forecasts they could reach $7.5 trillion USD by 2028. This is largely from key markets like Saudi Arabia, Malaysia, Kuwait, and the UAE, with countries across Southeast Asia and Africa seeing increased demand for Shariah-compliant financial solutions. Recognizing this, ZAD is expanding access to their local Kuwait market and Gulf Cooperation Council (GCC) markets like Saudi Arabia. Their expansion plans and commitment to making Shariah-compliant investing accessible has been a cornerstone of their success. 'If we were a conventional investment application, we would not have reached the growth levels that we have in the past couple of years. It's very important for the people in the region. They really appreciate it, they want it, and they're very careful with what they buy,' says Abdullah Alotaibi, ZAD's Co-Founder and Deputy CEO of Fintech Brokerage. ZAD has partnered with Alpaca to build these products, including Shariah-compliant Instant Funding, which was launched recently. They are also collaborating to deliver margin trading, options trading, and high-yield cash accounts, becoming one of the leading platforms to offer these products in a Shariah-compliant way. While building Shariah-compliant infrastructure has presented unique challenges, the solutions developed with Alpaca's Broker API are scalable across other Islamic regions. For instance, the margin trading product is an asset-backed lending model rather than interest-based, adhering to Islamic law. 'There are service providers that tell you, 'this is what we have, take it or leave it.' Not Alpaca,' says Abdullah. 'They listen to us. They understand the region well. They're helping us offer the best possible products to our clients.' 'We're grateful to be innovating with ZAD in the rapidly growing Islamic finance and are excited to be their partner in delivering Shariah-compliant margin trading, options trading, instant funding, and more. Shariah-compliance is a key focus at Alpaca as we look to support and expand financial accessibility globally,' says Yoshi Yokokawa, CEO and Co-Founder of Alpaca. About Alpaca Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, fixed income, and 24/5 trading – raising over USD170 million in funding. Alpaca is backed by top-tier investors globally, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator. About ZAD ZAD is a Kuwait-based digital investment platform, offered by The Securities House, that provides global stock market access and offers Shariah-compliant products. ZAD aims to simplify the investment and trading process for people who adhere to the principles of Shariah. Options trading is not suitable for all investors due to its inherent high risk, which can potentially result in significant losses. Please read Characteristics and Risks of Standardized Options before investing. All investments involve risk; for more information, please see our Disclosure Library. Brokerage services are provided by Alpaca Securities LLC (member FINRA / SIPC), a subsidiary of AlpacaDB, Inc. Technology and Services offered by AlpacaDB, Inc. This is not an offer, solicitation, or advice to buy, sell, or open accounts in any jurisdiction where Alpaca is unlicensed. View source version on *Source: AETOSWire Contacts Media Contact: press@
Business Wire
08-07-2025
- Business
- Business Wire
Alpaca and ZAD Partner to Bring Shariah-Compliant Investing Globally
NEW YORK & KUWAIT CITY--(BUSINESS WIRE)-- Alpaca, a self-clearing broker-dealer and brokerage infrastructure API, and ZAD, a leading Kuwait-based investment platform for Shariah-compliant US stocks and ETFs, today announced their strategic partnership to expand access to Shariah-compliant investment products. This partnership continues to open financial access for investors seeking to align their financial growth with Islamic principles. 'If we were a conventional investment application, we would not have reached the growth levels that we have in the past couple of years. It's very important for the people in the region,' explains Abdullah Alotaibi, ZAD's Co-Founder and Deputy CEO. Share With global Islamic finance assets surpassing $5.5 trillion USD in 2024, a report from Standard Chartered forecasts they could reach $7.5 trillion USD by 2028. This is largely from key markets like Saudi Arabia, Malaysia, Kuwait, and the UAE, with countries across Southeast Asia and Africa seeing increased demand for Shariah-compliant financial solutions. Recognizing this, ZAD is expanding access to their local Kuwait market and Gulf Cooperation Council (GCC) markets like Saudi Arabia. Their expansion plans and commitment to making Shariah-compliant investing accessible has been a cornerstone of their success. 'If we were a conventional investment application, we would not have reached the growth levels that we have in the past couple of years. It's very important for the people in the region. They really appreciate it, they want it, and they're very careful with what they buy,' says Abdullah Alotaibi, ZAD's Co-Founder and Deputy CEO of Fintech Brokerage. ZAD has partnered with Alpaca to build these products, including Shariah-compliant Instant Funding, which was launched recently. They are also collaborating to deliver margin trading, options trading, and high-yield cash accounts, becoming one of the leading platforms to offer these products in a Shariah-compliant way. While building Shariah-compliant infrastructure has presented unique challenges, the solutions developed with Alpaca's Broker API are scalable across other Islamic regions. For instance, the margin trading product is an asset-backed lending model rather than interest-based, adhering to Islamic law. 'There are service providers that tell you, 'this is what we have, take it or leave it.' Not Alpaca,' says Abdullah. 'They listen to us. They understand the region well. They're helping us offer the best possible products to our clients.' 'We're grateful to be innovating with ZAD in the rapidly growing Islamic finance and are excited to be their partner in delivering Shariah-compliant margin trading, options trading, instant funding, and more. Shariah-compliance is a key focus at Alpaca as we look to support and expand financial accessibility globally,' says Yoshi Yokokawa, CEO and Co-Founder of Alpaca. About Alpaca Alpaca is a US-headquartered self-clearing broker-dealer and brokerage infrastructure for stocks, ETFs, options, fixed income, and 24/5 trading – raising over USD170 million in funding. Alpaca is backed by top-tier investors globally, including Portage Ventures, Spark Capital, Tribe Capital, Social Leverage, Horizons Ventures, Unbound, SBI Group, Derayah Financial, Elefund, and Y Combinator. About ZAD ZAD is a Kuwait-based digital investment platform, offered by The Securities House, that provides global stock market access and offers Shariah-compliant products. ZAD aims to simplify the investment and trading process for people who adhere to the principles of Shariah. Options trading is not suitable for all investors due to its inherent high risk, which can potentially result in significant losses. Please read Characteristics and Risks of Standardized Options before investing. All investments involve risk; for more information, please see our Disclosure Library. Brokerage services are provided by Alpaca Securities LLC (member FINRA / SIPC), a subsidiary of AlpacaDB, Inc. Technology and Services offered by AlpacaDB, Inc. This is not an offer, solicitation, or advice to buy, sell, or open accounts in any jurisdiction where Alpaca is unlicensed.
Hi Dubai
10-06-2025
- Health
- Hi Dubai
Dubai Municipality Hosts Third Food Safety Forum to Bolster Global Standards
Dubai Municipality convened the third Dubai Food Safety Forum on World Food Safety Day, themed 'Food Safety: Prepare for the Unexpected,' uniting global experts to advance science-driven food safety policies and strengthen supply chain resilience. Held in Dubai, the event drew representatives from the UAE Ministry of Climate Change and Environment, the UN's Food and Agriculture Organisation (FAO), and key public, private, and academic stakeholders. Discussions centered on leveraging science-based surveillance to enhance food system sustainability and empower informed consumer choices. Eng. Marwan Ahmed Bin Ghalita, Director General of Dubai Municipality, emphasized the Forum's role as a scientific platform to anticipate future challenges and build a smart, safe food ecosystem. 'Food safety starts with knowledge and excellence-driven solutions,' he said, highlighting Dubai's commitment to global standards and community health. Mohamed Saeed Al Nuaimi, Undersecretary of the Ministry, underscored the UAE's leadership in food safety, driven by its National Food Security Strategy 2051. Initiatives like the 'ZAD' food trade portal and Biosecurity Early Notification System reflect efforts to integrate digital tools and risk assessments, ensuring seamless trade and high safety standards. Dr. Ahmed Mokhtar of FAO noted that foodborne illnesses impact 600 million people annually, costing billions. He praised the UAE's science-based approach, including a new strategic index for national food control systems developed with FAO. The Forum also announced the 19th Dubai International Food Safety Conference, set for 17-19 November 2025 at the Dubai World Trade Centre, expecting over 3,000 global participants. News Source: Emirates News Agency
Time of India
25-05-2025
- Automotive
- Time of India
Govt to hold brainstorming session to curb accidents
Bhubaneswar: State govt has decided to organise a 'chintan shivir' (brainstorming session) to curb the growing number of road accidents, transport officials said on Sunday. "Venue and schedule of the chintan shivir will be finalised by the govt. The initiative aims to bring together various stakeholders to formulate effective strategies for reducing road fatalities," transport secretary Usha Padhee said. Transport commissioner Amitabh Thakur said the proposed consultation programme will provide a platform to discuss and deliberate on road safety strategies. The brainstorming programme will include participation from road safety master trainers, investigation officers, healthcare professionals, educators and other stakeholders. "The session intends to strengthen their capabilities in advocating road safety and minimising accidents," Thakur said. Road accident deaths in Odisha increased by 7% in 2024 compared to 2023, according to Odisha police sources. Data showed fatalities rose to 6,142 in 2024 from 5,739 in 2023. Padhee said the proposed 'zero accident day' (ZAD) campaign will be launched soon with the help of IIT Madras, technical consultant of the Odisha govt on road safety matters. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Making history: These 5 timepieces set world records at Watches and Wonders Geneva 2025 CNA Read More Undo The campaign aims to transform the driving culture and promote road safety across the state. "ZAD involves massive awareness campaign in districts that witnessed a high number of deaths. Our approach combines psychological insights with practical solutions. We are not just creating rules; we need to understand why people make unsafe choices on roads and how to effectively change these patterns," a senior transport official said. IIT Madras has been advised by the transport department to analyse common traffic violations, accident-prone areas and factors contributing to road accidents. The institute will develop targeted interventions and awareness campaigns to promote safe driving habits.
