Tuesday 30, March 2010 by
Islamic wealth management report from Bank Sarasin-Alpen (ME)
Bank Sarasin-Alpen’s 2010 Islamic Wealth Management Report 2010 explores the concept of estate and succession planning, which Sarasin believes is insufficiently addressed in the Islamic finance industry. The bank claims it as a key element of its own Islamic wealth management offering. Finally, the report provides an insight into the bank's economic outlook for 2010.
Fares Mourad, Head of Islamic Finance, Bank Sarasin, said, “In its efforts to foster and develop the industry, Bank Sarasin is publishing its first Islamic wealth report which not only includes market overview but as well a topic which addresses the needs of investors wishing to invest in Shari’ah-compliant solutions. Islamic wealth management is not only about sustainability and ethical investment - it is as well about ensuring wealth preservation over generations."
The key issues and challenges addressed in the report are:
- how Shari’ah screening reduced the downside in volatile markets and how it affects the finance industry and investors,
- the behaviour of direct real estate investments in comparison with real estate funds and Shari’ah-compliant real estate investment trusts,
- the income-related role of Sukuk within Islamic balanced portfolios and the probability of defaults,
- a comparison between various Islamic investment funds ranging from income-oriented to commodity, real estate and equity funds,
- the size and future of the Islamic private equity and venture capital industry,
- the credibility and offering of Islamic hedge funds,
- the significance of estate and wealth planning in Islam and the scope of true Islamic estate and succession planning and philanthropy as well as
- Sarasin's economic outlook for the year 2010.
With this report, the Sarasin Group underlines its long-term commitment to Islamic finance and aims to track the trends and developments in the field of Islamic wealth management - from the perspective of responsibility and wealth preservation.
