Islamic Finance

As of today, around 16 sukuks (asset backed securities) with a combined value of USD 6 billion and around 42 Sharia compliant funds (out of a total of 560 funds) are already listed on the dynamic Luxembourg Stock Exchange – the first in Europe to list a sukuk in 2002 -, while about 35 others are in the process of being launched. This fast growing development results from a harmonious interaction between Islamic finance mechanisms and the Luxembourg legal framework. Another determining factor is the unique network of investment treaties Luxembourg signed with 57 countries, including the United Arab Emirates, whilst others treaties with countries such as Bahrain are currently under negotiation. Those treaties aim at providing investors with a great deal of protection, and are a key to the development of Islamic finance in Luxembourg.

We are assisting clients in structuring Sharia compliant investment vehicles through the use of Luxembourg investment vehicles such as UCITS, SIFs, SICARs and securitization vehicles.