IslamicFinance.de

It seems that there is the possibility that the UAE might be thinking to set up a pension or superannuation scheme for the 90% plus of its more than 8m strong population.
At this point, there is a system in operation whereby expatriates who come to the end of their working life in the UAE get paid a lump sum gratuity payment. The new system could be fairer and more equitable but, critically for the Islamic finance industry, might create a significant opportunity for Shari’ah compliant asset managers if the mooted pension system was structured in such a way that it was entirely – or largely – or even partly – Shari’ah compliant.