Malaysia: Farringdon to launch Shariah-compliant robo-advisor

Wealth management firm Farringdon Group Private Wealth Managers will launch Asia’s first Shariah-compliant robo-advisor– online wealth management service — ‘Algebra’ in December this year.

“Open to investors from across the globe, with a minimum investment of $200 per month, they will select funds from the Islamic Master Select Portfolio, a strategy with five risk-weighted baskets,” Farrington said in a statement issued today.

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