Luxembourg

Details

  • Industry: Financial Services, Fund Management
  • Type: Press release
  • Date: 1/1/2014

Contact

Pierre Kreemer

Partner

Tel. +352 22 51 51 5502

pierre.kreemer@kpmg.lu

 

Oliver Hoor

Senior Manager

Tel. +352 22 51 51 5482 

olivier.hoor@kpmg.lu

Luxembourg to issue a sovereign sukuk? 

In mid-December 2013, a new draft bill has been submitted to the Luxembourg parliament reflecting Luxembourg's intention to become the first non-Muslim country issuing a sovereign sukuk.
This article depicts the fundamental elements of sukuk, outlines how Luxembourg's sovereign sukuk will be structured and analyses Luxembourg's role as a hub for structuring Islamic finance investments in and through Europe.
 

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