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Al Rajhi Capital partners with AlphaCentrix for financial solutions

By Delisha Fernandes

November 20, 2023

  • Al Rajhi Capital Partners
  • AlphaCentrix
  • Asset Management
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Al Rajhi Capital Partners, AlphaCentrix, Financial Solutions, Shariah-compliant, financial investments, investment accounts, asset management, cash management, data warehousing, Fintech news, Fintech Saudi ArabiaAl Rajhi Capital, a financial services institution, has partnered with AlphaCentrix, a technology solutions for the financial services sector.

Under this strategic partnership, Al Rajhi Capital will integrate AlphaCentrix’s innovative AlphaInvest software solution into its platform to further enhance and enrich the digital customer experience of its asset management customer base.

This collaboration aims to provide Al Rajhi Capital’s clients with even more comprehensive and efficient financial services while remaining steadfast in their commitment to Shariah compliance.

Ahmad Al Rifai, CIO at Al Rajhi Capital, said, “We are excited about our collaboration with AlphaCentrix. This partnership will allow us to continue providing our clients with cutting-edge financial solutions while ensuring that all our offerings remain fully compliant with Shariah principles. AlphaCentrix’s expertise in wealth management and data management aligns perfectly with our mission to offer innovative financial services.”

Al Rajhi Capital’s digital channels serve as a comprehensive platform where individuals can access a wealth of resources related to financial investments and market activities. It offers user-friendly features allowing individuals to open investment accounts online, access daily market reports, explore mutual fund pricing, and stay informed about the latest market news.

Bilal Alassar, Managing Director at AlphaCentrix, said, “We’re exceptionally delighted to join forces with another esteemed financial services provider such as Al Rajhi Capital in the Kingdom of Saudi Arabia. Al Rajhi Capital is strategically positioned to harness the remarkable advantages of our powerful Wealth Management and Thrift Plans capabilities offered through AlphaInvest.”

AlphaCentrix’s AlphaInvest solution includes bilingual investment tracking, thrift plans, cash management investor access, middleware, and data warehousing capabilities, enabling an end-to-end platform for onboarding clients, managing investments, and meeting complex custom dashboarding and reporting needs.

AlphaInvest is designed to empower investors by providing them with innovative tools to manage their investments, cash flows, and savings plans efficiently. The financial services institution remains dedicated to delivering the highest quality and Shariah-compliant financial solutions to its clients, and AlphaInvest represents a significant milestone in this commitment.

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