NDB Wealth hosts Islamic finance seminar

NDB Wealth hosted an Islamic finance seminar, for investors, to commemorate the recent visit of Mufti Shafique Jakhura, the Muslim legal authority who oversees the NDB Wealth Islamic Money Plus Fund. Islamic Finance is widely considered the fastest growing area of the global financial services sector. In his in-depth and informative presentation, titled 'Islamic Economic Principles - Introduction and Practical Applications', Jakhura briefed local investors about the history, principles and values of Islamic finance, touching on areas such as 'Introduction to Shariah', 'Basic Islamic Economic Principles', 'Fundamental Islamic Commercial Principles', 'History of Islamic Finance'; and 'Current Trends in Islamic Finance'.

This was followed by opportunities for participants to interact with him.

NDB Wealth CEO Prabodha Samarasekera said, "The visit of the Jakhura was an excellent opportunity to create awareness among investors of the NDB Wealth Islamic Money Plus Fund, a money market fund, compliant with Shariah principles. This seminar also outlined the financial planning expertise available for investors to build their wealth while adhering to Shariah principles."

The NDB Wealth Islamic Money Plus Fund places its investor's funds solely in Shariah compliant securities, which are continually monitored by an independent Shariah supervisory board. As with all wealth funds from NDB Wealth, income from this fund is also completely tax free in the hands of the investor, with the investor's cash accessible to them at any time, and no penalties or fees levied on early withdrawals.

"Our many new innovations, such as the NDB Wealth Islamic Money Plus Fund, are excellent entry points for fledgling investors. It will introduce them to the many opportunities available when they partner NDB Wealth. We also offer the added benefit of our financial planners who provide their expertise as needed," said Samarasekera.