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By Oliver R. Hoor and Pierre Kreemer (picture), 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. This article depicts the fundamental elements of Sharia-compliant real estate investments and demonstrates Luxem-bourg’s competitive advantage.
1. Introduction
In an Islamic real estate investment fund, money from a variety of investors is pooled together in order to buy, manage and sell real estate assets. The management strategy might range from a moderate...
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