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By Oliver R. HOOR (picture) and Pierre KREEMER, KPMG Luxembourg *
Real estate is the preferred asset class of many Islamic investors, and European located properties seem to be more and more in their focus. For tax efficiency purposes, these investments are commonly structured through real estate investment vehicles established in a tax efficient jurisdiction such as Luxembourg. The present article provides an overview of real estate in Islamic asset management and the Luxembourg vehicles that may be used for such investments.
1. Introduction
With assets recently exceeding the USD 1 trillion threshold and an impressive annual growth rate of approximately 15%, Islamic finance continues to grow from a niche to a main...
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