- Some forms of trusts are not acceptable from a Shari’a point of view, especially a testament Rusd that is based upon a will, for in Islam no legal heir is eligible for inheritance through a will.
- Rusd Investment Bank has a Shari’a board that supervises all its transactions and ensures that all are Shari’a compliant.
- Each asset transferred to Rusd and all investment instruments related to it must be halal and acceptable to both the Shari’a Board and the Trustee.
- Any valuable property that acceptable from a Shari’a perspective can be part of a trust or added to it in future, such as real estate, equities, family companies, equity participations, stocks portfolios, intellectual property, art collections and any other Shari’a admissible assets.
- All other financial and investment products are concerned with wealth making and accumulation while a Rusd is concerned with the distribution of returns on wealth in accordance with the wishes of a settler within the framework of Shari’a. In addition, a trust is tax efficient, cost effective and does not require lengthy probate procedures.
- A Rusd provides maximum protection to wealth and allows distribution of the returns as desired by the settler as long as such distribution is a within the Shari’a framework.
- A Rusd, like any other trust can be ended after a period. In other words it can be temporary.
- A Rusd can be a means for providing benefits for members of the settler’s family or to ensure continuation of charitable contributions.
Safe management of investment planning requires that you seek the assistance of experts.