Luxembourg: The Gateway for Islamic finance and the Middle East 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 ... »
A report produced by Deloitte highlights Islamic capital market developments in Europe. Analysis and discussion are formed around building case study scenarios for four potential European countries. The report also includes perspectives of prominent industry thought leaders and practitioners who shared their insightful views on the discussed issues. »
The Islamic financial sector in Europe, although small in size, has promising potentials to gain traction given the fast expanding bilateral ties between European countries and Islamic financial hubs of the GCC and Malaysia. »
Luxembourg is one of the major financial markets in Europe, its popularity is based on competitive pricing, incentives and access to European clients. Since 2002, when Luxembourg became the first European country to list a sukuk, there has been a total of 16 sukuk listed on the exchange. In 2014 Luxembourg issued its first Sovereign Sukuk, a Euro denominated Sukuk for €200m, and in 2013 it was ann... »