Fintech PR
World’s Sixth Largest Jewellery Retailer, Malabar Gold & Diamonds, forays into Europe
With the Launch of the 320th showroom in London, UK, Malabar makes entry into its 11th country
ISELIN, N.J., June 28, 2023 /PRNewswire/ — Malabar Gold & Diamonds, the world’s sixth-largest jewellery retailer, inaugurated its newest showroom at London’s famous East Shopping Centre. Marking its global presence with expansion into its 11th country of operation, Malabar Gold & Diamonds has an extensive retail presence in India, the Middle East, the Far East, the USA & the UK.
The London showroom houses a wide collection of gold, diamond and precious gem jewellery suited for all occasions, along with an extensive bridal jewellery range. Globally renowned for customer-first and transparent policies, Malabar Gold & Diamonds brings ‘Malabar Promise’, which includes 10 promises such as transparent price tags and internationally certified diamonds.
“Over the years, we’ve served customers in the UK and Europe through our stores in India and the Middle East. Now to give our customers a more personalised shopping experience, we’re expanding our presence into Europe,” said Mr. Shamlal Ahamed, Managing Director – International Operations, Malabar Gold & Diamonds.
The London showroom was inaugurated by Ms. Lyn Brown, Member of Parliament for West Ham and Shadow Minister for Foreign, Commonwealth and Development Affairs in the presence of Mr. Abdul Salam K P, Vice Chairman of Malabar Group, and Mr. Shamlal Ahamed, International Operations Managing Director of Malabar Gold & Diamonds along with the senior management team members.
“We are proud to launch our first showroom in Europe in London. As we celebrate our 30th anniversary, we are one step closer to our dream of becoming the world’s largest jewellery retailer,” said Mr. M.P Ahammed, Chairman of Malabar Group.
Incorporating sustainability and responsibility into its operations, Malabar Gold & Diamonds upholds ESG (Environmental, Social & Governance) as a primary commitment and sets aside 5% of net profits in every region of operation towards ESG initiatives. Malabar Gold & Diamond’s commitment to quality, innovation, and customer fulfilment has garnered countless awards and an international clientele.
“Embodying the motto of ‘Make in India; Market to the world’, we promote and sell Indian jewellery globally. Our entry into the United Kingdom is a major stride in this direction, showcasing jewellery that is an intersection of Indian art, culture, and tradition to a global audience,” commented Mr. Abdul Salam K.P, Vice-Chairman of Malabar Group.
For more information visit www.malabargoldanddiamonds.com
About Malabar Gold & Diamonds :
Established in 1993, Malabar Gold & Diamonds has been driven by a commitment to Environmental, Social & Governance principles. Its commitment to design thinking and customer satisfaction led to $5.2 billion in annual revenue, making them the world’s sixth-largest jewellery retailer. Malabar Gold & Diamonds has a strong retail network of over 320 outlets spread across 11 countries and multiple offices, design centres, wholesale units, and factories across India, the Middle East, the Far East, the United States, and the United Kingdom.
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Fintech PR
Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.
On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”
Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.
His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.
As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.
Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
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View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html
DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.
Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.
Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.
Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”
About Wahed
Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.
For more information, visit: www.wahed.com
About Qatar Development Bank
Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.
For more information, visit: https://www.qdb.qa/
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View original content:https://www.prnewswire.co.uk/news-releases/qatar-development-bank-announces-strategic-investment-in-global-islamic-fintech-wahed-302314778.html
DHAKA, Bangladesh, Nov. 23, 2024 /PRNewswire/ — With the popularity of electric vehicles in Bangladesh, the globally renowned AIMA brand has also arrived in Bangladesh. The esteemed DX Group has brought the AIMA F-626 to customers. This environmentally friendly battery-operated electric motorbike has already been approved by the Bangladesh Road Transport Authority (BRTA) now.
In light of the increasing popularity of electric motorcycles in the country, the internationally-leading brand AIMA has entered the market. By the end of 2023, AIMA electric two-wheelers had established a presence in over 50 countries worldwide, with 11 global production bases, including overseas factories in Indonesia and Vietnam. In 2022, AIMA collaborated with Rob Janoff, the designer of the Apple logo, to refresh the brand’s VI system with a youthful and fashionable image. In 2023, AIMA teamed up with PANTONE, the global authority in color expertise, to create the trending color of the year. As an industry leader, AIMA spearheads the electric two-wheeler sector and showcases the prowess of a leading electric two-wheeler brand on a global scale. As of March 31, 2024, AIMA’s total electric two-wheeler sales had reached 80 million units, earning certification from Frost & Sullivan, a globally recognized business growth consulting firm, as the “Global Leading Electric Two-wheeler Brand”.
Over the years, AIMA has always been a product trendsetter in the electric two-wheeler sector. As of March 31, 2024, the total sales volume of AIMA electric two-wheelers reached 80 million, and Frost & Sullivan, a world-renowned market consulting company, awarded AIMA with the market status certification of the “Global Leading Electric Two-wheeler Brand (by Sales)”.
AIMA adhere to the customer-centered product philosophy and technologies that support long-term innovation and breakthroughs. We believe that the efficiency and modern technology of the AIMA F-626 will present an excellent alternative means of communication for our customers.
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View original content:https://www.prnewswire.co.uk/news-releases/chinas-aima-brand-electric-motorbike-is-now-in-bangladesh-302314773.html
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