Quilter Cheviot unveils Shariah-compliant investment service

It will initially be focused on eligible clients in the Middle East and Africa via the firm’s DIFC operation

They ‘are a sizable, yet underserved audience that are actively seeking wealth management advice’

Combined entity will have around CHF5.5bn in assets under management

He allegedly spent most of the money on ‘gifts for several women with whom he had romantic relationships’

Industry believes it may take a while for the structures to gain international recognition

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