The advent of the Islamic Finance industry and its unprecedented growth has provided the financial industry with opportunities and challenges, not only in the Middle East but also across the globe. The Middle East is thriving with wealth and liquidity fuelled by escalating oil prices. This, coupled with continued uncertainty in the international markets has resulted in a tremendous boom in the demand for Islamic products, not only by Islamic investors but also conventional investors who are attracted to the low leveraged investments.
As one of the most prominent investment management centres, Luxembourg is perfectly equipped to address the dynamic needs of the rising Islamic Finance Industry in Europe. The Luxembourg financial centre has a number of key strengths, including the flexibility of policymakers and proactive attitude of industry leaders, providing a framework that is most favourable for Islamic finance.
PricewaterhouseCoopers Luxembourg offers you customized services covering every aspect of your Islamic Finance investments, be it at the local level, at the Luxembourg intermediary level or at the investor level. Our Islamic finance specialists in Luxembourg and across our network work together in various jurisdictions to cater to your needs. The Luxembourg team comprises professionals from our Assurance, Advisory and Tax and is here to provide our clients with tailor made solutions to their challenges. Our team of experts provides a wide array of services, including:
Assurance:
- providing Sharia-compliant funds with accounting and audit services
- assistance in assessing controls around sin screening procedures
- assistance in purification of income calculations
Advisory:
- setting up of Islamic structured funds
- assistance in issuance and listing of Islamic finance instruments
- business reviews, performance improvement and feasibility studies for the creation of an Islamic financial institution or Islamic finance service windows
Tax:
- tax structuring of Sharia compliant funds
- advice on repositioning and realignment of business structures
- tax compliance services for Islamic funds and products such as Murabaha and Ijara financing
For more information and assistance, please contact our Islamic Finance team.
