Eiger is a UK-based financial technology firm providing commodity trade facilitation and execution services to the Islamic financial marketplace, to support multiple Islamic financial products — seamlessly delivered in a simple online platform and via an intuitive API.
Over the past decade, Eiger has bridged the gap between the physical commodity markets and Islamic financial institutions with market-leading technology. Today, the Eiger Trading Platform serves well over 100 clients worldwide.
Our role is to work with all participants in the industry openly and with transparency to drive forward digitalization and innovation objectives using a customer-centric approach. Recently, Eiger was privileged to be awarded Best Shariah-Compliant Commodity Broker by Global Islamic Finance Awards (GIFA) 2020.
We are a team of dedicated professionals, drawing on a broad range of skills and experience from technology and financial backgrounds.
The Eiger Trading Platform
The Eiger Trading Platform is a cloud-based trading system designed exclusively to provide a secure and efficient mechanism to facilitate the purchase and sale of Shariah compliant assets for the commodity Murabahah requirements of Islamic financial institutions. All trades are completed in real time and customers have access to multiple Shariah compliant commodities, geographically dispersed across the world and fully deliverable.
Eiger’s powerful integration services allow customers to connect their core systems directly with the Eiger Trading Platform to efficiently manage high volumes of transactions across retail and wholesale markets.
The Eiger Trading Platform supports Islamic financial products across a variety of unique operational requirements such as liquidity management and treasury, Islamic capital markets, asset management, corporate and retail banking, derivatives, real estate financing, peer-to-peer financing and microfinancing.
The Eiger Trading Platform has been designed to be highly flexible and the trade workflow can be customized to suit the individual requirements of each customer we work with. Users can navigate the platform through an intuitive user interface which offers seamless access to detailed reporting and booking workflows while mitigating post-trade risks.
Governance and regulation
The Eiger Trading Platform exemplifies Eiger’s commitment to sustainability principles and best practice. Our commitment and dedication to good governance is demonstrated through our memberships to AAOIFI and the International Islamic Financial Market, through which we endeavor to support the development of the Islamic finance industry through the adoption of standardized Shariah compliant financial documentation and accounting standards. Furthermore, Eiger is an associate trade member of the London Metal Exchange as well as an affiliate of the London Platinum and Palladium Market.
Commitment to security
We understand and recognize the importance of adopting industry-leading security practices and technology needed to protect clients’ data. Our clients rely on us to deliver high levels of integrity, confidence and trading availability and this is an integral part of what we do in highly regulated industries such as banking and financial services and has been for over a decade.
As part of the network of valued relationships and professional partners that we have the pleasure of working with, we are honored to work with IFN and REDmoney, and acknowledge their wonderful contribution to the Islamic finance industry through their in-depth and thought-provoking reporting, publications and industry events.