Luxembourg: the gateway for Islamic finance and the Middle East
Islamic finance is one of the fastest growing areas of the global financial services industry. The spread of Islamic finance into western markets demonstrates that it is now being viewed by investors, financial institutions and regulators as a viable alternative to conventional products.
“Luxembourg’s international financial center is perfectly equipped to address the needs of both conventional and Sharia-compliant investment structures.” Jean-Michel Pacaud
Luxembourg is already recognized as a leading European center for Islamic finance and Middle Eastern investment
Luxembourg’s position as the leading centre for internationally distributed investment funds, combined with the financial centre’s expertise in Islamic finance, make the country an ideal location for the creation and administration of Sharia-compliant investment vehicles and cross-border distribution of investment products.
Luxembourg offers a wide range of investment vehicles that can be Sharia-compliant, responding to the specific needs of both investors and initiators. Luxembourg law and regulation is perfectly compatible with Sharia law; Sharia compliance is generally achieved through appropriate structuring of the vehicle combined with contractual arrangements and appropriate offering documents.