The Sarasin Group, a leading Swiss private bank with a broad international footprint, has launched a comprehensive new Islamic wealth management offering that comprises the full spectrum of Sharia-compliant private banking products and services.

Sarasin’s Islamic wealth management offering creates a new benchmark by incorporating estate and succession planning, financing and asset management with such money market and structured products as Wakala, Murabaha and Maraya.

With this launch, Sarasin provides an even broader customised offering to its clients globally and further strengthens its position in the Middle East. The Sarasin Group is represented in the Middle East by its Sarasin-Alpen subsidiaries, which are located in Dubai, Qatar and Oman.

“The launch of our Islamic wealth management offering reflects our commitment to serving the diverse needs of our clients based on a responsible, long-term approach, as well as our unique capabilities given our considerable expertise in the Middle East and our proven track record as a specialised asset manager,” said Fidelis M Goetz, member of the Executive Committee and head of Private Banking, Bank Sarasin & Co Ltd, Switzerland.

“Many of our clients have expressed interest in Islamic Wealth Management and we are very happy to offer the suite of Islamic products to meet their requirements,” added Rohit Walia, executive vice chairman and CEO, Bank Sarasin-Alpen Group, Middle East and South Asia.-TradeArabia News Service