…By successfully blending occidental wealth management proficiency and Islamic Shariah, GCC zone wealth managers have developed an innovatory practice of wealth management in the world’s largest pool of private liquidity…
…The value of all the ongoing projects and the announced ones, exceeds $ 27 billion. The Free Trade Zone record this year is 100 per cent growth. Ras Al Khaimah Investment Authority (Rakia) plans to invest $15 billion across various sectors in the UAE emirate over the next five years…
Dear Executive,
The GCC (Gulf Cooperation Council) is exhibiting the fastest growth rates since the initial petrodollar bonanza three decades ago. Middle East private banking business is growing by more than 25% a year and Middle Eastern HNWI’s asset value has grown by over 29 %. Liquid wealth held by wealthy individuals in the UAE is forecast to rise dramatically after 2008.
Ultra-high net worth Family Offices in the GCC are not just investing in equities and debt but also commodities, private equity, venture capital, emerging markets, hedge funds and real estate.
The largest banks have scaled up their private banking divisions, opened new offices and recruited bankers who can manage the assets of the already existing wealthy families and the newly wealthy class of entrepreneurs in the Gulf.
The objective of this event is to reveal the difference existing between the Western Family Wealth Management way and the Islamic Shariah Compliant way and create a debate to which all of the attendees – typically professionals of the financial sector - will participate.
A part of the conference will be dedicated to investment opportunities and regulations in the RAK Free Trade Zone, which is bound to become one of the most active in the Middle East.
A visit of the Free Trade Zone will be organized in order to present the ongoing and future business projects and investment opportunities. The city of Dubai will also be visited and attendees will have the opportunity to meet influential businessmen.
Among the topics that will be closely focused at the event are:
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New ways to manage family wealth & Best practices in GCC Family Wealth Management
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Family Office in the UAE : Current needs & growth potential
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Family Office in the Indian Ocean area
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Solving (Family Office) disputes and managing conflicts in a Shariah compliant way
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Succession planning in Western countries vs. Succession Planning in Arabic and Islamic Countries
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The role of trusts in Family Offices
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The RAK Private Trust Legislation: Highlight of the Regulatory Regime and Key Features
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Understanding the GCC clients’ customs and how to best meet their needs
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Opportunities for growth in the Private Banking sector in the GCC and RAK
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The growth of Shariah Compliant securitised debt market in the GCC
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Developing Shariah compliant real estate investment funds in the Middle East and Offshore trust Planning
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Compliance environment in the United Arab Emirates
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Assessing the viability of RAK as an offshore wealth booking centre
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Identifying opportunities & balancing the risks and returns of investment in RAK
In addition to the main conference, the following events will take place:
-Workshop: The GCC Family Offices, choosing the Family Wealth Management way that best suit their needs.
-Tour of the RAK Free Trade Zone and ongoing business projects, including prestigious tourism facilities.
-Visit to Dubai and a networking with influential businessmen.
