Al Murjan Group and BlueFive Capital Partner to Launch Global Sharia-Compliant Asset Management Platform
BlueFive Capital, an Abu Dhabi-based asset manager with over $2.6 billion in assets, has partnered with Saudi Arabia’s multibillion-dollar Al Murjan Group in a cross-shareholding agreement to launch a global platform for Sharia-compliant asset management and Islamic finance.
As part of the deal, BlueFive will take a minority stake in Sidra Capital, Al Murjan’s specialist asset manager focused on private assets. In turn, Al Murjan will acquire a stake in BlueFive786, BlueFive’s new Islamic investment arm based in Singapore.
BlueFive786 aims to deliver Sharia-compliant retirement and savings products for investors across Southeast Asia, including markets like Indonesia, Malaysia, and Bangladesh.
BlueFive also plans to open a Riyadh office and collaborate with Sidra Capital on expanding investment activity in Saudi Arabia. The partnership targets cross-border investment, joint product development, and access to new global markets—pending regulatory approval.
Leadership from both groups will join each other’s boards, deepening ties and driving new growth opportunities. By combining Sidra’s regional expertise with BlueFive’s reach into Southeast Asia, the partnership sets out to offer broader access to ethical, Sharia-compliant investment solutions worldwide.
