Entries in English and Malay (Bahasa Melayu)

Wednesday, 20 April 2011

Financial planning key to Islamic banking growth

The Islamic banking community needs to focus on financial planning, according a report launched by Bank Sarasin in Bahrain.

It also calls for the industry to move forward by developing the Sharia framework, diversifying products and differentiating its offerings.

Bank Sarasin's Islamic Wealth Report 2011 provides investors with an in-depth overview of developments in the Islamic wealth arena in 2010 and explains how best to manage assets according to religious requirements.

'This approach exemplifies Bank Sarasin's aim to minimise risk and maximise opportunities for its clients, a key objective in today's volatile markets,' a spokesman for the bank said.

'This year's report opens by explaining the required approach to Islamic financial planning before focusing on the key areas of philanthropy, the family office service, mutual funds and sukuk, before concluding with an insight into Bank Sarasin's current economic outlook for 2011.
'Islamic financial planning is largely neglected by the Islamic banking industry,' said head of Islamic finance Fares Mourad.

'It requires a detailed process, as well as structures and products to ensure Muslim investors are fully compliant with Sharia law.

'We are proud to have extended our holistic approach to offer a comprehensive Islamic wealth management service,' he said.

The key challenges and opportunities addressed in the report include 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.

It also addresses the challenges facing Islamic mutual funds to achieve growth and performance and recommends standardisation, education and diversification of sukuk in order to increase the supply of products and the liquidity of the market.


*Attend a conference on Islamic wealth management/financial planning in Kuala Lumpur on 14-15 June 2011 > follow this link

Alfalah Consulting:

No comments:

Post a Comment

Latest Posts

Upcoming Events on Islamic Finance, Wealth Management, Business, Management, Motivational

Alfalah Consulting's facebook


Alfalah Consulting is NOT providing any kind of loan to finance project etc and asking for a fee. If you've received any email claiming to be from Alfalah Consulting, offering loan to you, please ignore it or inform us for further actions. Our official email is If you've received an email from, that's NOT from us. Be cautious!