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Islamic Finance Briefing - Categorized | Compliance, Tax, Legal, Regulatory, Finance, Market Moves more

IFAs set to offer a pioneering Sharia compliant investment service to clients

Posted on 08 April 2011

A new potential revenue stream for independent financial advisers (IFAs) has been created with the availability of a Discretionary Portfolio Service (DPS) accredited by Islamic Bank of Britain (IBB) as Sharia compliant. The DPS is a service that provides a range of investment portfolios comprising Sharia compliant assets. The DPS allows IFAs to tap into a large pool of customers looking to maximise their wealth with Sharia compliant and ethical returns.

The service is provided by Praemium, the portfolio administration specialists. IFAs can offer this service to their clients by registering on the Praemium platform. Encouraged by the market potential the DPS offers, leading city IFA firm Radcliffe & Newlands is already offering its clients the service……………………………………..Full Article: Source

 
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