June 29, 2017 11:08 AM ET

Diversified Financial Services

Company Overview of Salam III Limited

Company Overview

Salam III Limited issues insurance linked Sukuk and Wakala products in the Channel Islands. The Sukuk is an Islamic finance term, which represents an agreement with a group of investors agreeing to invest at a pre-agreed profit margin for a fixed term; and Wakala is an Islamic financial transaction, which represents an agreement whereby a company provides a sum of money to an agent, who invests it according to special conditions in order to achieve a return. The company was incorporated in 2013 and is based in St Peter Port, the Channel Islands. Salam III Limited operates as a subsidiary of Salam Purpose Trust.

Maison Trinity

Trinity Square

St Peter Port,  GY1 4AT

Channel Islands

Founded in 2013

Key Executives for Salam III Limited

Salam III Limited does not have any Key Executives recorded.

Salam III Limited Key Developments

Salam III Limited Announces Audited Earnings Results for the Year Ended December 31, 2015

Salam III Limited announced audited earnings results for the year ended December 31, 2015. For the year, the company's income was $3.95 million compared with $4.36 million a year ago. Gain from operations was $0.38 million compared with loss from operations of $0.48 million a year ago. Net cash from operating activities was $0.57 million compared with $0.73 million a year ago.

Salam III Limited Announces Earnings Results for the Year Ended December 31, 2014

Salam III Limited announced earnings results for the year ended December 31, 2014. For the year, the company's income was $4,364,168 compared to $739,237 a year ago. Loss from operation was $479,398. Net cash from operating activities of $731,533 compared to $1,188,690 a year ago.

Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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