IdealRatings
IdealRatings is a financial information provider based in San Francisco. IdealRatings provides a service for financial institutions that identifies and manages Shariah compliant INSTRUMENTS globally resulting in the largest investable universe with unmatched accuracy.
Overview
IdealRatings was founded in 2006 by Mohamed Donia, Youssri Helmy, and I Mougy in San Francisco, to provide financial data and fund management services delivered as Software as a Service (SaaS) to institutions operating in the Socially Responsible Investment (SRI) space, with a focus on Islamic finance and Shariah compliance market. The company developed a unique solution based on proprietary technology and manual research, which enabled it to cover more than 95% of the publicly listed market cap with a level of detail and accuracy that was previously unattainable. The first version of the service went live in 2007, and was well received by clients, partners, and the financial press.
IdealRatings' approach to Shariah compliance is unique in that the company does not have its own Shariah board, but rather, is service delivers the information required by the scholars to test the compliance of companies, the service also has a rule engine that enables clients to code their own rule books, create an investable universe, monitor fund performance, purification and compliance. As such, the company has established partner and client relationships with many of the reputable Shariah consulting firms, index providers, and asset managers.
Partners
IdealRatings serves financial services institutions, asset managers, index providers, brokers and dealers globally, and has signed up clients like Credit Suisse, Thomas Weisel Partners, Russell Investment Group, MSCI Barra.
IdealRatings partnered with global data providers like Thomson Reuters, Interactive Data Corporation, and Shariah consultancy firms like Shariah Review Bureau, Alraya Almashoura.