Thursday 19 January 2012

Bermuda to become the western centre for Islamic finance | HALALTAMWEEL.COM

Bermuda to become the western centre for Islamic finance

1/19/2012 3:55:11 PM


BERMUDA: Bermuda is all set to double-down on its efforts to become the first Western centre for Islamic finance in a favorable tax domicile, as the island looks to introduce legislation to accommodate a Shariah-compliant platform for such vehicles and products.


In an exclusive interview with “Euromoney” magazine published on Jan,18, Business Bermuda CEO Cheryl Packwood and Apex Fund Services’ Peter Hughes said Shariah-compliant finance has consistently grown over the past decade with the island looking to tap into the trillion dollar industry.


No comments:

Post a Comment