Record Launches "Record Amanah" Sharia-Compliant Investment Platform

LONDON, July 8 (Bernama-BUSINESS WIRE) -- Record Asset Management GmbH (RAM), subsidiary of London-listed Record plc (Record Financial Group), is pleased to announce the launch of Record Amanah, its dedicated platform for Sharia-compliant investment solutions.

RAM is the European asset management arm of Record Financial Group, the London-listed specialist investment group managing USD 115 billion of assets on behalf of institutional clients worldwide. Record's client base comprises pension funds, foundations, sovereign institutions and other asset managers, with whom the Group has built long-standing relationships through its focus on bespoke investment and risk management solutions. Headquartered in London, Record has offices in Hamburg, Zurich, Zug, New York, and Hong Kong.

The launch follows a series of successful Sharia-compliant transactions completed by Record, most recently for a client in Brunei, and reflects growing demand from institutional investors seeking investment opportunities that combine attractive risk-adjusted returns with adherence to Islamic finance principles.

Record Amanah has been established in partnership with Khalij Group (https://recordfg.com/what-we-do/private-markets/record-amanah/), a London-based team of Islamic finance specialists with extensive experience in structuring and advising on Sharia-compliant investments.

The platform will initially focus on private markets and private equity opportunities, offering investment solutions structured in accordance with established Sharia principles while maintaining the rigorous investment, risk management, and governance standards for which Record is known.

The initiative further expands Record's private markets capabilities and strengthens the Group's ability to serve a broader international investor base, particularly across the Middle East and Southeast Asia, where demand for Sharia-compliant investment solutions continues to grow.

Jan Hendrik Witte, CEO of Record Financial Group, commented:

"The launch of Record Amanah represents a natural evolution of our private markets strategy. We have already demonstrated our ability to deliver Sharia-compliant investment solutions for institutional clients, and this platform provides a dedicated framework through which we can expand those capabilities. By combining Record's investment expertise with Khalij's deep knowledge of Islamic finance, we believe we are well positioned to meet the growing demand for high-quality Sharia-compliant private market investments."

Asim Khan, CEO of Khalij Group, commented:

"Islamic finance is founded on principles of partnership, transparency and investment in productive economic activity. Through Record Amanah, we are bringing together these principles with Record's institutional investment expertise and global reach. We believe this partnership will create compelling opportunities for investors seeking access to private markets through structures that are both commercially attractive and fully aligned with Sharia values."

The launch forms part of Record's broader strategy of expanding its private markets offering and creating differentiated investment capabilities for clients globally.

View source version on businesswire.com:
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Contact

Dr Jan Hendrik Witte
CEO
Record Financial Group
E: reception@recordfg.com
W: www.recordfg.com

Source : Record Financial Group

LYB, MONDELEZ TURN PLASTIC WASTE INTO CHOCOLATE WRAPPERS

KUALA LUMPUR, July 8 (Bernama) -- Global chemical company, LyondellBasell (LYB) has introduced an innovative flexible packaging solution for Marabou chocolate bars, developed in collaboration with Mondelez International, Amcor, Taghleef Industries and other industry players.

Using LYB CirculenRevive polymers with 100 per cent attributed recycled content through an ISCC PLUS-certified mass balance approach, Mondelez is now able to offer packaging made from 75 per cent recycled content.

According to LYB in a statement, the solution helps transform hard-to-recycle post-consumer mixed plastic waste into high-quality materials suitable for food packaging.

“Our collaboration with Mondelez illustrates our shared vision for the future and highlights our ability to provide innovative, high-quality circular solutions tailored to demanding specifications.

“We are committed to making circular and low-carbon solutions work for businesses while creating solutions for everyday sustainable living,” said LYB executive vice president, Sustainable Solutions and Technology Business, Yvonne van der Laan.

As part of its circular solutions strategy, LYB plans to supply future polymers for Marabou packaging through MoReTec-1, its first commercial-scale catalytic chemical recycling plant under construction in Wesseling, Germany.

Once operational, the facility will strengthen access to circular feedstock within LYB's integrated ecosystem, connecting advanced sorting and recycling infrastructure with the company's existing crackers and polymerisation assets.

MoReTec-1 is designed to produce 50,000 metric tonnes of feedstock annually for use in LYB's existing production units, enabling the manufacture of recycled polymers.

The collaboration brings together companies across the packaging value chain, with LYB supplying the circular polymers, Taghleef Industries producing the base film, and Amcor converting the material into the final flexible packaging solution for Mondelez.

LYB said the initiative reflects growing demand from brand owners for high-performance circular polymers that support recycled-content targets while meeting the quality requirements for flexible food packaging.

-- BERNAMA

Jeppesen ForeFlight Unveils AI Engine For Aviation Operations

KUALA LUMPUR, July 3 (Bernama) -- Jeppesen ForeFlight, a provider of aviation data, software and insights, has unveiled Jeppesen ForeFlight Airflow, an aviation-centric artificial intelligence (AI) engine that forms the foundation of its strategy to bring responsible AI to all sectors of aviation.

Developed over several years, Jeppesen ForeFlight Airflow is backed by decades of domain expertise, industry-leading data, and capabilities spanning crew and fleet planning, day-of-flight operations and flight deck solutions.

“We have helped the industry evolve from paper to digital to mobile, and we are bringing to market a highly differentiated AI offering in Jeppesen ForeFlight Airflow that customers can deploy on their own terms and timelines, at significantly lower IT costs than previous industry transitions,” said Jeppesen ForeFlight Chief Executive Officer, Brad Surak in a statement.

Jeppesen ForeFlight Airflow combines commercially available data, segregated proprietary customer data and extensive domain knowledge, including safety, certification expertise and contextual reasoning across the aviation industry.

Built on an open architecture and designed to be model agnostic, the AI engine gives customers the flexibility to adopt AI by integrating their own agents, leveraging third-party solutions or deploying Jeppesen ForeFlight's native agents.

The company is also previewing its first product for the general aviation market, the ForeFlight AI Connector, an MCP server that connects ForeFlight Mobile to a customer's existing OpenAI ChatGPT environment.

Users can query their personal AI for flight plans and refuelling options or build AI-connected tools and workflows using data in ForeFlight Mobile. The company also plans to expand the feature to other AI applications, including Google's Gemini and Anthropic's Claude.

Later this year, Jeppesen ForeFlight Airflow will debut its first offerings to the commercial and business aviation segments, followed by military-focused capabilities.

-- BERNAMA

ROYC To Establish Luxembourg Feeder Fund For Slättö

 KUALA LUMPUR, July 3 (Bernama) -- ROYC, a global structuring and platform provider, has been selected by Slättö, a Nordic private markets real estate firm, to establish and manage a Luxembourg-domiciled feeder fund to efficiently aggregate individual subscriptions from professional investors.

The Luxembourg-domiciled vehicle will be fully structured and administered on ROYC’s proprietary platform, delivering investors a seamless digital experience with real-time portfolio access, automated reporting, and efficient global distribution.

In a statement, ROYC said it streamlines onboarding and governance, standardises legal documentation, and broadens access to capital.

ROYC Founder and President, Mathias Leijon said private markets are undergoing a structural shift as global banks and wealth platforms seek more efficient access to private equity strategies.

“By combining our deep structuring expertise with ROYC’s digital operating infrastructure, we enable leading managers like Slättö to launch investor-ready vehicles rapidly while delivering a seamless and fully transparent experience for investors throughout the entire fund lifecycle,” he said in a statement.

Meanwhile, Slättö Deputy Managing Partner, Jonas Andersson said the firm evaluated several solutions and found ROYC’s platform simplifies investor onboarding, reporting and fund lifecycle management, enabling broader investor access.

The platform offers accelerated time-to-market through templated legal architecture and automated workflows while supporting end-to-end digital lifecycle management benefits investors through Know Your Customer (KYC)/Anti-Money Laundering (AML), digital subscriptions, capital activity tracking and performance dashboards via secure investor portals.

ROYC is a business-to-business financial technology company that provides a digital platform for private equity firms, banks, wealth managers, and multi-family offices to structure, distribute, and manage private market investments more efficiently.

-- BERNAMA

8X8 BAGS 2026 METRISTAR TOP PROVIDER FOR CPAAS BY METRIGY

KUALA LUMPUR, July 3 (Bernama) -- Global business communications platform provider, 8x8 Inc has been named a 2026 MetriStar Top Provider for Communications Platform as a Service (CPaaS) by Metrigy, an independent research and advisory firm.

The CPaaS recognition is part of a broader result in Metrigy’s 2026 MetriStar Award programme, with 8x8 also receiving the MetriStar Top Provider recognition for Contact Center as a Service (CCaaS).

“Most of the companies we work with are not just looking for a messaging API; they need the whole chain: campaign management, AI, analytics, and a contact centre that talks to all of it.

“This recognition from Metrigy validates our approach helping organisations improve customer satisfaction, drive growth, and simplify operations at scale,” said 8x8 General Manager, CPaaS, Sylvain Chaperon in a statement.

The awards are based on Metrigy’s Customer Experience MetriCast 2026 study, which surveyed 1,437 customer experience (CX) leaders across 10 countries in North America, Europe and Asia-Pacific.

8x8 achieved above-average scores on both business success and customer sentiment, with particular strength in CSAT improvement, revenue growth, platform reliability, and no-code/low-code application quality.

Metrigy highlighted 8x8's integrated communications portfolio as a key differentiator, noting that the company is among a small number of vendors offering CPaaS, CCaaS, and Unified Communications as a Service (UCaaS) within a single platform.

The research also highlighted 8x8's approach to treating CPaaS not as a standalone developer toolkit but as a programmable layer across the CX stack, expanding customer engagement capabilities beyond the contact centre to sales, field service, and frontline teams.

-- BERNAMA

AGC Biologics, Pyramid Pharma Services To Provide Integrated Manufacturing Solution

KUALA LUMPUR, July 1 (Bernama) -- AGC Biologics, a global biopharmaceutical contract development and manufacturing organisation (CDMO), has partnered with Pyramid Pharma Services to provide an integrated United States (US)-based manufacturing solution for drug developers.

The collaboration combines AGC Biologics' expertise in drug substance development and manufacturing with Pyramid's sterile fill-finish capabilities, providing developers with a fully integrated supply chain solution.

“We are always listening to our customers’ needs and responding with solutions that help them meet their goals. With this US-based fill-finish option, our Seattle site is well-positioned for developers that desire or even require end-to-end production in the US,” said AGC Biologics Chief Business Officer, Christoph Winterhalter.

Clients will gain access to comprehensive sterile fill-finish capabilities in the US, including liquid and lyophilised vials, pre-filled syringes and cartridges, as well as device assembly, labelling and secondary packaging services.

By combining AGC Biologics' expertise with Pyramid's experience in sterile drug product manufacturing, the partnership provides a seamless pathway from early development to commercial supply.

According to AGC Biologics in a statement, the integrated offering reduces project complexity and handoffs through centralised project management, enabling faster delivery of therapies to patients.

The new offering complements AGC Biologics' existing European fill-finish capabilities, providing clients with greater geographic flexibility and a robust US-based option to help navigate tariff exposure and strengthen supply chain security.

Pyramid Pharma Services brings nearly four decades of experience in sterile injectable drug product development, including 26 years in good manufacturing practice (GMP) manufacturing and over a decade of commercial supply, supported by a strong track record in quality, reliability and regulatory excellence.

-- BERNAMA

EMGA Closes US$15 Mln Senior Debt Facility For CDB In Sri Lanka

KUALA LUMPUR, June 30 (Bernama) -- Emerging Markets Global Advisory LLP (EMGA) has closed a US$15 million senior debt facility for Citizens Development Business Finance PLC (CDB), marking a milestone in strengthening Sri Lanka’s financial sector and supporting sustainable growth. (US$1=RM4.06)

The transaction underscores EMGA’s continued commitment to Sri Lanka, while supporting CDB’s efforts to expand access to finance for small and medium enterprises (SMEs) and advance its green portfolio.

The facility was arranged in collaboration with Swedfund, Sweden’s development finance institution, which plays a pivotal role in promoting sustainable economic development across emerging markets, according to EMGA in a statement.

EMGA Head of Investment Banking and Managing Director (MD), Sajeev Chakkalakal said the transaction supports CDB’s growth strategy while expanding Swedfund’s presence in the region.

Meanwhile, CDB MD/Chief Executive Officer, Mahesh Nanayakkara said the financing strengthens the company’s ability to empower SMEs and accelerate green initiatives, ensuring it continues to play a leading role in Sri Lanka’s sustainable financial development.

CDB is a non-bank financial institution listed on the Colombo Stock Exchange, focused on SME financing and sustainable finance initiatives.

EMGA, with offices in London and New York, advises financial institutions and corporates on debt and equity capital raising across emerging markets.

-- BERNAMA