12.12.2012 - Alfi reveals how to service Islamic funds in Luxembourg
The Association of the Luxembourg Fund Industry (ALFI) published a collection of best practices for setting-up and servicing Islamic funds to provide a greater level of understanding of a growing market sector. Marc Saluzzi, chairman of ALFI, said: 2012 has been a very active year for the Luxembourg Islamic finance community with several new Shariah-compliant funds launched. Luxembourg currently ranks No. 5 worldwide and first in Europe in the number of Shariah-compliant domiciled funds, at 41 funds with 4 billion in assets under management."..............................................Full Article: Source
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