Halal Tamweel provides extensive news and information coverage and Islamic Wealth Management consultancy to prospective and existing investors looking to manage wealth in a Shariah Compliant manner in Pakistan.
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.