Annual Report 2006 - Faisal Finance Switzerland SA

Bank’s Profile
Faisal Private Bank (Switzerland) SA (the “Bank”) is the first Swiss
bank exclusively dedicated to innovative wealth and asset management
in accordance with the principles of Islamic finance.
The Bank was originally established in 1980 as Sharia Investment
Services SA in Geneva. In 1990 Faisal Finance (Switzerland) SA was born
of an innovative vision of asset management consisting of successfully
marrying ethical values of Islamic finance with the traditional Swiss
banking model. The Company continued to act as a financing company
offering financial services for more than 20 years and, in April 2002,
obtained the Securities Dealer License under the terms of the Swiss
Federal Law on Stock Exchange and Trading in Securities.
Thanks to the quality of its infrastructure, management and financial
health, Faisal Finance (Switzerland) SA became a bank in October 2006
and has joined the prestigious circle of Swiss banks regulated by the
Swiss Federal Banking Commission.
Being located in Geneva, the birthplace and capital of the world’s private
banking industry, the Bank leverages the city’s financial infrastructure,
services and expertise to support its activities.
The Bank is regulated and supervised by the Swiss Federal Banking
Commission. The Bank is thus fully compliant with Swiss banking
and financial law pertaining to, amongst others, capital adequacy, risk
diversification, accounting and anti-money laundering regulations. The
Bank is a member of the Association of Foreign Banks in Switzerland
and also a member of the European Private Equity and Venture Capital
Association.
Annual Report 2006
2
Bank History, Legal
Structure and Current
Shareholding