Luxembourg

Islamic Finance 

Despite the current economic turmoil, the Islamic finance industry recorded significant annual growth from 2006 to 2009 and is forecast to grow over the next 10 years. In addition to a growing Muslim population in the world, IF is gaining wider recognition as an ethical alternative to the conventional financial system. The Luxembourg Government is openly concentrating efforts to promote the development of Islamic finance, testifying to its strong commitment to become a prime location for Islamic finance.

Contact

Philippe Neefs

Philippe Neefs

Partner

Tel. +352 22 51 51 5531

philippe.neefs@kpmg.lu

Luxembourg : A hub for Islamic finance investments

In order to respond to the needs of our clients and to better serve this emerging market, we have set up a multi-disciplinary team of specialists.

 

Our services

 

  • Auditing services
  • Fund and company sep-up and structuring (including microfinance)
  • Shariah-compliant product structuring
  • Shariah advisory services
  • Tax advice
  • Assistance in the selection of Islamic finance IT systems

 

Our experience

 

  • We audit 50% (in terms of assets) of regulated Sharia-compliant funds in Luxembourg
  • We regularly provide advice in relation to the design and implementation of Sharia-compliant Luxembourg holding structures
  • We frequently implement securitisation vehicles, bearing massive opportunities amid the current economic downturn, combining an exceedingly low level of effective taxation, and free of major regulatory restriction
  • Our in-house Islamic finance practice has recently assisted in the Sharia-compliant acquisition of real estate via Luxembourg real estate companies
  • Our experience includes advisory services relating to the implementation of Sharia-compliant equity and fixed income equivalent investment funds in Luxembourg. We provided advice to clients on the eligibility of various fixed income equivalent Islamic financial instruments with the UCITS eligible assets regulations.

 

How we may help

 

As Islamic finance continues its expansion and diversification, our dedicated multidisciplinary team of professionals would be happy to assist you in structuring Islamic investments and advising on all Luxembourg aspects of Sharia-compliant structures.

 

We provide all-encompassing packages with trustworthy Luxembourg law firms and trust companies.