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Islamic Finance Briefing - Categorized | Finance, Funds, Investment, Market Moves more

Crisis creates opportunity for Islamic wealth management

Posted on 10 March 2009

From Wealth-bulletin.com: Beneficiaries from the financial crisis are few and far between but it could prove to be the making of Islamic wealth management. While sharia-compliant financial services have enjoyed strong growth among ordinary banking customers and institutions, the wealthy have been slower to embrace Islamic finance.

Humayon Dar chief executive of BMB Islamic, an alternative asset manager with a focus on Islamic finance, said: “Historically in the Middle East and North Africa region, the high net worth and ultra-high net worth families have not been interested in Islamic finance.”…. Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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