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Islamic finance: Luxembourg stands tall

Posted on 20 May 2011

The Grand Duchy is now making a play to become Europe’s leader in Islamic finance and has already assembled an impressive set of tools in its box, as Daud Vicary Abdullah, global leader for Islamic finance for Deloitte said: “I think that Luxembourg is going to be an important Islamic finance centre because there is a commitment from the regulators to become involved in Islamic finance and a close partnership between the public and private sector and whatever Luxembourg has turned its hand to in the past has always been successful.”
The Grand Duchy recently nosed ahead of London in terms of European domicile for Islamic funds, but this is hardly surprising as the country has a history of innovation and ‘firsts’ for Islamic finance……………………………………….Full Article: Source

 
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