ws Wrote: ------------------------------------------------------- > Have few prospects from Middle East (totally legit > people), meeting them in one week. Beside the > fact that Islam prevent interest payment, what > else should I be aware of? On top of that, > anybody has any experience handling HNW client who > can’t receive interest payment? Any ideas? > Solution? > > Thanks!! If they are looking for Sharia compliant investments, then stay away from tobacco, alcohol, gambling stocks,… it really depends on the level of compliance they are seeking. As for interest payments they have ways around the terminology and structure but they pretty much end up receiving fixed interest anyway, they’re cool as long as you use the proper terminology and set up.
mo34 Wrote: ------------------------------------------------------- >>it really depends on the level > of compliance they are seeking. > Good point, we are going to find out during the meeting to see if they are seeking 100% compliance for 80% compliance. Would you tell me more about the terminology piece?