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AbleAce Raakin Sdn Bhd

AbleAce Raakin serves a wide range of customers, which includes among others; Islamic financial institutions, Development banks, Government/ regulatory bodies, Co-operatives, Corporations and Private equity firms.

AbleAce Raakin provides commodities for the Commodity Murabahah market using agricultural-based commodities as the underlying assets. Shariah-compliance is prioritized encompassing all areas of business. Commodities offered are delivery-ready for purchase, upholding the Shariah’s demand for availability of real products at real-time. Audits and site visits are part of practice for transparency.

All trades are done via trading platform known as ARIIMS. The platform has undergone strict scrutiny by the appointed Shariah advisors and it is free from potential shariah breach. It is open to Client’s appraisal processes to ensure complete compliancy and transparency with their respective corporate governance.

Shariah Advisor

 

Amanie Advisory guides the firm to ensure compliance to the Shariah principles, in efforts to provide certainty and comfort regarding all products, services, documents and processes. Among the globally renowned prominent shariah scholars which have given their endorsement includes:

 

Amanie Advisory guides the firm to ensure compliance to the Shariah principles, in efforts to provide certainty and comfort regarding all products, services, documents and processes. Among the globally renowned prominent shariah scholars which have given their endorsement includes:

 

Amanie Advisory guides the firm to ensure compliance to the Shariah principles, in efforts to provide certainty and comfort regarding all products, services, documents and processes. Among the globally renowned prominent shariah scholars which have given their endorsement includes:

 

• Dr. Mohamed Ali Elgari (Saudi Arabia)
• Dr. Mohd Daud Bakar (Malaysia)
• Dr. Muhammad Amin Al Qattan (Kuwait)
• Dr. Osama Al Dereai (Qatar)
Area of Services
• Commodity Offerings
• Commodity Murabahah
• ARIIMS Trading System
• Product Structuring & Facilitation
- Financing & Deposit
• Facilitation for Sukuk
• Facilitation for Intercompany Financing
• Facilitation for Private Equity – Funds
• Facilitation for Islamic Factoring
Awards/Accolades/Achievements
Awards
  • Best Shari’a Compliant Commodity Brokers - Global Islamic Finance Award 2017 by Edbiz Consulting
  • Best Islamic Commodities Trading Company (Malaysia) - Global Banking & Finance Review 2017
  • Market Leadership Award (Facilitation & Support) - Global Islamic Finance Award 2016 by Edbiz Consulting
Achievements
  • The first local company in Malaysia providing such services using palm oil & its related products as the asset base for the commodity Murabahah program
  • The AbleAce’s commodity Murabahah platform serves various clients such as Islamic finance institutions and private equity firms in different regions including Asia, Africa, Europe and GCC
  • Among the transaction facilitated by AbleAce includes among others:
    - Advisory on commodity Murabahah and commodity Murabahah facilitation for a private equity firm in Australia and the UAE.
    - Advisory on the development of commodity Murabahah platform for an Islamic Financial Institution in Pakistan
    - USD144 million UMW intercompany financing
    - MYR718 million commodity Murabahah intercompany financing by Lembaga Tabung Haji
    - MYR3.8 billion sukuk Murabahah issued by Cagamas
Contact details
Ableace Raakin Sdn Bhd
Suite A-5-5, Megan Avenue 1
189 Jalan Tun Razak
50400 Kuala Lumpur, Malaysia
www.abbleaceraakin.com

Azzizi Bin Mohamad Ghazi
T +603 2161 1164
E azzizi@ableace.com

Syed Nizam Bin Syed Jalaludin
T +603 2161 1164
E snizamsj@ableace.com