DIFC Investments and Dubai Islamic Bank (DIB) said they have initiated a project to establish Waqf Trust Services, the first Islamic trust services provider in the world exclusively offering Sharia-compliant trust services, which will operate from the Dubai International Financial Centre (DIFC).
The company is set to operate along the guidelines of the Trust Law of 2005. The law is intended to ensure the proper succession and preservation of lineage while allowing families to manage their wealth in such a way as to guarantee the rightful disbursement of their inheritance adhering to Sharia guidelines.
Waqf Trust Services will offer services for both corporate and individual clients, encompassing the provision of tools to assist in the protection of assets, succession planning and the preservation of wealth. Source
The company is set to operate along the guidelines of the Trust Law of 2005. The law is intended to ensure the proper succession and preservation of lineage while allowing families to manage their wealth in such a way as to guarantee the rightful disbursement of their inheritance adhering to Sharia guidelines.
Waqf Trust Services will offer services for both corporate and individual clients, encompassing the provision of tools to assist in the protection of assets, succession planning and the preservation of wealth. Source
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