Monday, 25 April 2011

Bank Sarasin urges a stronger focus on Islamic Financial Planning - Industry growth requires innovation and greater transparency

http://www.zawya.com/story.cfm/sidZAWYA20110418102255/Bank_Sarasin_urges_a_stronger_focus_on_Islamic_Financial_Planning__Industry_growth_requires_innovation_and_greater_transparencyIn its second annual Islamic Wealth Management Report, Bank SarasinBank Sarasin
Bank Sarasin-Alpen (ME) Limited
Bank Sarasin-Alpen
UAE | Financial Services
 News | ProfileOfficers
urges the Islamic banking community to take a stronger focus on Islamic Financial Planning. Bank SarasinBank Sarasin
Bank Sarasin-Alpen (ME) Limited
Bank Sarasin-Alpen
UAE | Financial Services
 News | ProfileOfficers
also calls for the industry to move forward by developing the Sharia framework, diversifying products and differentiating its offerings. Islamic Financial Planning, a religious obligation requested in the Qu'ran, involves the acquisition, preservation and philanthropic distribution of wealth. It is a religious duty that Muslims must have a will, so proper Estate Planning is required, often including a trust structure.

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