|
By Sufian Bataineh,
Managing Director Dananeer S. r.l.
Of Counsel - Theisen Law
The Luxembourg Stock Exchange (LuxSE) was the first European Stock Exchange to enter the Sukuk market in 2002. Until now, 16 Sukuk have been listed on the LuxSE, for an aggregate value exceeding USD 7.3 billion. Besides, with more than 45 Islamic investment funds and sub-funds, Luxembourg holds a big share of the international Islamic investment funds market. Luxembourg, which has already a long history and experience in these two Islamic finance market segments, has all the tools to maintain its leading position as regards both Sukuk and Islamic investment funds in the future for the reasons further exposed herebelow, provided...
|