Wednesday 08, December 2010 by

UK’s first Shari’ah-compliant retail discretionary portfolio service launched

Based on Præmium’s DPS Select service, Islamic Bank of Britain (IBB) will ensure the Shari’ah compliance of the discretionary investment services to investors based both in the UK and overseas. The news comes follows IBB’s announcement of a £20 million ($31.5 million) capital injection from founding shareholder, Qatar International Islamic Bank.  The DPS is an extension of the Wealth Advisory service recently launched by IBB.

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