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By Oliver R. Hoor and Pierre Kreemer, KPMG*
Recent years have seen a surge in Islamic investors carrying out business in a more Sharia-compliant manner. Banks and finance houses have had to develop products and services that meet this requirement. For practitioners who have not previously encountered Islamic finance, there might naturally be concerns in approaching this field. This article provides an overview of the fundamental elements of Islamic finance and analyses how Islamic Alternative Investments (in particular, real estate and private equity investments) may be structured via Luxembourg.
I. Introduction
The rules laid down in Sharia govern every aspect of a Muslim´s life, including the way they conduct their business, the...
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