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Tuesday, September 07, 2010
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- It is an institutional system for long-term financial planning for protecting wealth from fragmentation and to ensure continuation of charitable contributions.
- A Rusd is managed by a team of professionals with expertise in planning, structuring and management whose aim is to respond to your familial, scientific and charitable requirements.
- All stages of planning, structuring and management of a Rusd are subject to a comprehensive legal framework for creating a Rusd or even an Endowment. The Labuan Financial Instruments Law of 1998 imposes controls to protect the assets of a Rusd or an Endowment and how their investments are managed.
- A Rusd gives ownership of usufructs while protecting the property.
- A Rusd provides for transforming it to whatever achieves greater benefit. It is sufficient to reveal the greater benefits to be obtained.
- A Rusd is created by a decision of the Settlor in his lifetime and is based on Settlor wishes and specific instructions or it can be created pursuant to the terms of a will and testament by the Settlor.
- Any valuable assets can be accepted in a Rusd.
- The operations of a Rusd are subject to review by a Shari’a board to ensure compliance with the standards of Islamic Shari’a.
- A Rusd provides maximum protection to wealth and ensures distribution of returns in a way desired by the Settlor within the framework of Shari’a
- The period of a Rusd is subject to control.
- A Rusd is one of the means for avoiding the impact of taxes.
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