Friday, 13 November 2009

Sarasin launches Shariah banking services in Qatar

Switzerland’s Sarasin Group has launched a range of Shariah-compliant private banking products and services in Qatar to meet what it said ‘the rising global demand for Islamic financial products’.

The Swiss private bank said it plans to offer estate and succession planning, financing and asset management with money market and structured products known as Wakala, Murabaha and Maraya.

Islamic banking is one of the world’s fastest growing financial sectors, rising 15% to 20% a year, according to industry estimates.

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