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  • 18-03-2015

Luxembourg offers a quality label for the marketing of financial products all around the world, and a gateway to the European market. In the last couple of years, we have witnessed the consolidation of Islamic finance in Luxembourg: many initiatives have materialised and paved the way to a steadily growing industry, which is in turn opening up a wide range of services. In 2014, the issuance of the sovereign sukuk by Luxembourg marked a milestone in the development of the Islamic finance industry in the country, while 2015 is expected to witness the launch of the first Islamic bank.

Source: Global Asset Management & Servicing Review - March 2015

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