Luxembourg is the leading non-Muslim domicile for Sharia complaint investment funds, a popular location for listing Sukuk on the primary market and the domicile of choice for the international investment structures of a number of sovereign wealth funds according to a report released by Ernst and Young’s Luxembourg office highlighting Luxembourg’s offerings in the Islamic finance space.
As a diversified financial centre offering a full range of products, Luxembourg is the leading cross-border hub for investment funds and the largest wealth management centre in Europe.
Luxembourg’s international financial centre is perfectly equipped to address the needs of both conventional and Sharia compliant investment funds and investment structures and is already recognised as a leading European centre for Islamic finance and Middle Eastern investments.
The report goes on to cover Luxembourg investment vehicles for Sharia implementation as well as solutions for wealth management and Sukuk issuers.
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