Dubai, 26 February 2008: Makaseb Islamic Financial Services and Keross today announced that they have started a project to enable Makaseb to achieve full compliance with the latest technical regulations issued by the Securities and Commodities Authority.

The contract calls for extensive work covering assessment, design, and implementation of appropriate systems and controls that enhance data protection, security, and disaster recovery, culminating in an independent certification issued by Keross.  

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About Makaseb Islamic Financial Services:  
Makaseb is an Islamic financial institution rendering financial services that are compliant with the principles of the Islamic Shari'a. Based in the UAE, and looking forward to expand into the Gulf, our team of professional staff works conjointly in an effort to provide the highest level of professional services to equity market investors. Makaseb is a professional Shari'a compliant financial institution based in the UAE, looking forward to expand into the Gulf and Middle East. With two branches currently operating in Abu-Dhabi and Sharjah, a third branch to be located in Dubai is expected to be up and running shortly in order to accommodate our growing clientele and provide easier access to our services.  

About Keross LLC:
  
Keross is a DIFC-based provider of consulting and technology services to the financial community. We provide advice and services that enable our clients to expand their businesses, improve their services, and increase their efficiency.  

Our approach towards clients is based on establishing long-term relationships that encourage success through mutual benefit. Most of our projects last from three to six months, yet over 80% of our revenue is repeat business and our client relationships extend much longer. Keross is the only regional consulting and technology services company exclusively focused on the financial services community.  

Keross is headquartered in the Dubai International Financial Centre, the Middle East's financial hub.
  

For further information, please contact:
Mr. Ahmed El Helw Managing Director Makaseb Islamic Financial Services
T +971 2 6106500
Email: aelhelw@mifs.ae 
 
Sami Caracand
Keross LLC
Dubai International Financial Centre
PO box 506563 Dubai, UAE
T +971 4 374-1818
F +971 4 374-1817
M +971 50 818-2209
Email: sami.caracand@keross.com

© Press Release 2008