| From Gulfnews.com: Luxembourg has so far attracted around euro 500 million (Dh2.485 billion) from UAE investors in its various investment funds and is eyeing more, Luxembourg's Minister of Finance Luc Frieden said. Luxembourg is emerging as a prime location for Islamic finance. There are currently around 16 sukuk listed on the Luxembourg Stock Exchange.
"We don't have a specific target [for investments from the UAE], but, there is a lot going on in our financial services sector. There are about 7,000 investment funds and 150 banks in Luxembourg," Frieden told reporters here..............................................Full Article: Source
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