SCOTTSDALE, Ariz. – Walton Global, a real estate investment and land asset management company, has announced an endorsement for its development project in Arizona from the Islamic Finance Advisory Board, an independent non-profit body engaged in the promotion of Islamic Finance in North America. This endorsement expands the opportunity for investors in the Muslim community and other faith-based groups to make investments with Walton on a Shariah compliant basis.
“We are thankful to receive this endorsement as we continue to expand our global client base and extend our offerings to investors around the world,” said Bill Doherty, CEO of Walton Global. “The Muslim community is the second largest faith-based community representing nearly 2 billion people who live in various countries. We are pleased that this certification will give the community peace of mind and reassurance that they are following their faith when making investment choices with Walton.”
The Islamic Finance Advisory Board officially granted its endorsement on March 23, 2023, after completing a review process of Walton’s investment offering. The Board’s role moving forward will be advisory services for faith-based communities, as well as conducting regular audits to ensure Walton’s investment continues to remain Sharia compliant.
We are pleased to announce that Mr. Ahmed Haggag has joined Walton as senior vice president, Shariah Investments and will oversee the Shariah compliant business. Throughout his career Mr. Haggag founded and managed several leading Shariah compliant mortgage lending and real estate Investment entities in Canada and the Middle East. He gained his mortgage experience through working in commercial and residential mortgages at Laurentian Bank of Canada and Sun Life Trust in Toronto earlier in his career.
“My experience dealing with the Islamic Finance Advisory Board was extremely impressive. I have dealt with many Shariah Boards in Dubai and Egypt for more than 20 years, and this was at another level,” said Ahmed Haggag. “A major distinctiveness for this Board is the high specialization in Islamic Finance which is a major asset to reach results promptly and in a timely manner. I enjoyed dealing with the Board to obtain this certification and I am looking forward to many more collaborations for future projects with Walton Global.”