Based on Prmiums 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. This follows IBBs announcement of a $31.5 million capital injection
from Qatar International Islamic Bank. (source)
Discretionary Portfolio Services
offer investors the chance to set up and interact with their investments
through their Independent Financial Advisors (IFAs). The IBB accredited DPS
offers a range of different investment strategies, depending on the investment
needs and objectives of the client, as well as Shari'ah-approved ISA and SIPP
products. The DPS will be geared to:
Individuals looking for long-
and short-term investment strategies
High Net Worth clientele who
would typically use a discretionary asset manager or investment adviser to
manage their portfolio
Group pensions and employers
seeking a solution for Islamic employees
Overseas investors with
accounts offered in Sterling,
Dollars and Euros
Sultan Choudhury, IBB commercial
director, said, IBB already offers the largest range of Shari'ah-compliant
products and services to UK
retail customers. The bank is now widening its product range and services on
offer. Not only does this new service expand the boundaries of British Islamic
finance, it also removes the constraints previously faced by British Muslims
for their wealth management and retirement needs.
Source : http://www.islamica-me.com/article.asp?cntnt=612 - Oct 2011
No comments:
Post a Comment