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Auto enrolment, pension trusts and ethical finance: Banks and regulators have an increasing role in promoting Shariah finance

Auto enrolment, pension trusts and ethical finance: Banks and regulators have an increasing role... The Islamic Pension Trust scheme introduced in the United Kingdom in 2014 has allowed the Muslim employers and the Voluntary sector to contribute towards non-interest bearing retirement funds. The Auto enrolment retirement plan for those in industry is aimed at Muslim employees who will have the opportunity to generate their pensions from investments that are Shariah compliant. This will have a mechanism to ensure that the pension funds are ethical when they are ready to be paid to the Muslims after they reach retirement. It is based on a financial system in which banks, insurance companies and regulatory bodies all have a stake in making the funding sustainable for a global economy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Disclosure and Governance Springer Journals

Auto enrolment, pension trusts and ethical finance: Banks and regulators have an increasing role in promoting Shariah finance

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References (3)

Publisher
Springer Journals
Copyright
Copyright © 2015 by Palgrave Macmillan, a division of Macmillan Publishers Ltd
Subject
Business and Management; Business and Management, general; Accounting/Auditing; Corporate Finance; Corporate Governance
ISSN
1741-3591
eISSN
1746-6539
DOI
10.1057/jdg.2015.7
Publisher site
See Article on Publisher Site

Abstract

The Islamic Pension Trust scheme introduced in the United Kingdom in 2014 has allowed the Muslim employers and the Voluntary sector to contribute towards non-interest bearing retirement funds. The Auto enrolment retirement plan for those in industry is aimed at Muslim employees who will have the opportunity to generate their pensions from investments that are Shariah compliant. This will have a mechanism to ensure that the pension funds are ethical when they are ready to be paid to the Muslims after they reach retirement. It is based on a financial system in which banks, insurance companies and regulatory bodies all have a stake in making the funding sustainable for a global economy.

Journal

International Journal of Disclosure and Governance – Springer Journals

Published: Aug 13, 2015

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