The key challenges and opportunities addressed in the Islamic Wealth Management Report are:
•Managing the Islamic wealth cycle through the entire process of wealth acquisition, preservation and distribution and achieving the required balance between spiritual and worldly obligations.
•Understanding the primary issues facing Waqf donors despite the strong growth drivers in this market: poor performance is due in part to the shortage of professionals leading to low quality asset management and lack of transparency.
•Considering the suitability of the Swiss private banking family office structure as a wealth management tool to ensure effective Islamic governance.
•Addressing the challenges facing Islamic mutual funds to achieve growth and performance.
•Recommending standardisation, education and diversification of Sukuk in order to increase the supply of products and the liquidity of the market.
•Analysing Islamic equity and indices performance over the last year to illustrate that diversification remains key for investment without compromising Islamic principles.
In November 2009, the Sarasin Group introduced a comprehensive Islamic wealth management service offering the full spectrum of Sharia-compliant private banking products and services: estate and succession planning, financing and asset management, including money market and structured products such as Wakala, Murabaha and Maraya. To support this service, a dedicated department with high level expertise and a renowned Sharia Board ensure the high quality service that clients have come to expect. The Sarasin Group has created a tailored service that enables its Islamic clients to have the forward-planning tools, processes and products necessary to ensure that they are meeting their obligations under Islamic law.
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