Sarasin Group, a Switzerland-based private bank, has launched a new Islamic wealth management offering that comprises the full spectrum of Sharia-compliant private banking products and services, reported AME Info.
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.
Fidelis Goetz, member of the executive committee and head of private banking at Bank Sarasin in Switzerland said: "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 specialized asset manager."
Rohit Walia, executive vice chairman and CEO of Bank Sarasin-Alpen Group in Middle East and South Asia, said: "We are extremely delighted that the global launch of our Islamic products is taking place in the Middle East. Islamic Finance is a fast growing concept in the region.
"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. I am sure this will also add to our already strengthened position in the region."
Fares Mourad, MD and head of islamic finance at Bank Sarasin in Switzerland, said: "Our relentless focus on client needs was the inspiration behind the development of this offering. Many of our clients have expressed an interest in this type of investment approach and we are proud to offer them a complete range of products and services that combine the highest standards of Swiss private banking with Sharia principles."
