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The current applicable legal framework allows structuring any Shariah-compliant transaction in a manner which can be tailored to the specific needs and requirements of each investor. The attractiveness of Luxembourg is enhanced by the flexible approach adopted by the financial and insurance market regulators as well as the tax administration together with the ongoing political support for the promotion of the Islamic finance business stream within the Luxembourg financial services industry.
The different real-estate Shariah-compliant structures presented herebelow in the form of a case study will provide general background information to illustrate the suitability of the Luxembourg legal and tax environment for such types of structures.
This case...
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