Arabian Business is reporting that a new study conducted by Bank Sarasin earlier this week has concluded that Islamic banks are largely failing to cater to their clients’ wealth management and estate planning needs – pushing them to rely on traditional asset managers.

The Islamic Wealth Management report also commented that Islamic succession planning is in need of an overhaul, as it currently lacks mechanisms to ensure wealth preservation over generations.

For more information about Shariah-compliant estate planning, Islamic inheritance rules, or other related information, please contact info@islamic-finance-blog.com.

For the original Arabian Business story (reprinted from Reuters), please click here: http://www.arabianbusiness.com/585120-islamic-finance-short-on-wealth-management