Tagged: Private Banking

What’s Wrong with “Banking the Unbanked”?

What’s Wrong with “Banking the Unbanked”?

Even though people in developed and developing countries live complex financial lives, by far not all of them have bank accounts as money management hubs. Popular means of money management among poor people are keeping savings at home, joining savings …

UBL Funds to launch Islamic scheme

UBL Funds to launch Islamic scheme

In a recent announcement UBL Fund Managersstated that it will launch its new Shariah-compliant investment scheme. The scheme known under the name UBL Islamic Cash Fund is described as an Islamic Money Market Scheme with clients who have cash lying idle…

Malaysia: Islamic finance pensions

Malaysia: Islamic finance pensions

Reforms in the Malaysian pension system aiming to liberalise Malaysia’s pensions market have been announced. One of the newly introduced items is the voluntary Private Retirement Scheme (PRS). It will allow Malaysians to purchase a wide variety of pr…

Islamic bank tempts savers with 4pc rate

Islamic bank tempts savers with 4pc rate

The Islamic Bank of Britain offers a two-year fixed account with an expected profit rate of 4pc. People of any faith can take advantage of this table-topping offer. Since the bank’s investments go to Sharia compliant and ethical trading activities, the…