Oasis terminates iHilal distribution agreement
After recent discussions with representatives of the management and owners of iHilal.com, combined with the turmoil and uncertainty in global Information Technology (IT) and Internet markets, Oasis has decided to withdraw its products from iHilal.com prior to the launch of this platform.
”The Oasis Group has a prudent approach to wealth management and in their clients’ best interest they have decided to terminate the agreement with iHilal.com until the technical and financial viability of this platform is proven,” stated a company press release.
A letter of cancellation has been forwarded to iHilal.com and the various service providers. The Oasis Group concluded its statement by wishing iHilal.com success with their new venture.
Oasis Group Holdings (Pty) Ltd is a South African retail and retirement fund manager, operating in the domestic and global Shariah compliant market. The Group was established in 1997 and currently manages in excess of $550 million. — (menareport.com)
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