Financing or investment transactions and, more generally, financial activities, pursued in accordance with Shari’ah principles (as derived from the Qu’ran and the Sunnah) perfectly match the Luxembourg framework.
Islamic finance has been one of the driving forces of the development of Luxembourg for a long time. Indeed, as early as in 1983, [...]
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Posted on November 29th, 2010
According to recent figures, the microfinance investment vehicles (MIVs) market is growing quickly. As at 31 December 2008, 103 MIVs worldwide managed an estimated USD 6.6. billion in assets. As at 24 February 2010, 24 MIVs have been structured under Luxembourg legislation, representing USD 2.8 billion in assets.
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