Beyond the transaction in Islamic wealth management

ThereÆs more to Islamic private banking than a retail network, a small set of me-too funds, and a sharia label, says Johnson at Calyx Financial.

The following commentary is an edited version of a speech by Douglas Clark Johnson, CEO and chief investment strategist at Calyx Financial in New York, at the World Islamic Funds Conference in Dubai.

The Islamic banking business is poised to move ôbeyond the transactionö as it wrestles with unprecedented growth. It is fast evolving from a niche within the global banking system to what may become û in the next generation û a track parallel to conventional financial services. Certainly...

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