Doha, Qatar – 12 February 2024 – The First Investor (“TFI”), a leading financial institution specialising in Sharia-compliant investment banking and asset management solutions, and a wholly owned subsidiary of Dukhan Bank, has announced a strategic marketing partnership with Wasata Financial Securities (“Wasata”), a prominent investment services provider. This collaboration aims to expand Wasata’s  range of investments offerings by introducing sukuk products to its clients.

By leveraging TFI’s extensive local and global market expertise and advanced sukuk execution capabilities, this strategic collaboration creates a robust platform for delivering innovative, low-risk, and Sharia-compliant investment solutions. TFI, a recognised leader in the capital markets and particularly in the sukuk space, manages a highly regarded sukuk fund with assets exceeding QAR 450 million, alongside its comprehensive sukuk execution services. This partnership enables Wasata to enhance its suite of financial solutions with, providing clients with access to diversified and secure investment opportunities

Mr. Haithem Al Katerji, CEO of TFI, stated: “We are delighted to collaborate with Wasata to provide access to investment opportunities in the global capital markets space, particularly in the Sukuk market. This partnership underscores our commitment to delivering tailored financial solutions, and together we are strengthening the local investment and savings landscape.”

Mr. Mohammed Abu Ghoush, CEO of Wasata, added: “This partnership significantly enhances our ability to provide clients with a broader range of sukuk investment opportunities. It is a strategic win for both organizations and, most importantly, for our clients.”

Both TFI and Wasata are dedicated  to fostering long-term client relationships and driving mutual growth by delivering seamless, Sharia-compliant investment solutions