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Bermuda: Government seeks to attract Islamic finance to Island

Posted on 08 November 2011

Government announced it planned to continue working to establish Bermuda as a centre for Shariah-complaint finance, and said efforts are paying off. Islamic finance has expanded rapidly over the past few years and global assets are estimated to soon be in the trillions.
Business Bermuda members have over the last few years been marketing Bermuda as a jurisdiction that can handle and manage Shariah-compliant funds, re/insurance and other types of financial/investment products. Shariah law frowns on alcohol, tobacco and gambling-related businesses and bans interest………………………………………..Full Article: Source

 
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