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Luxembourg is recognised as one of the leading European centres for Islamic finance with a long track record in the sector. It hosted the first Islamic finance institution more than 30 years ago and was the first European Stock exchange to list a sukuk in 2002. Luxembourg for Finance has now published a brochure, Luxembourg Vehicles for Islamic finance Structures, which contains a broad overview of the legal framework for shariah compliant structures, their tax treatment and the professional services available in the financial centre. Two years ago, the Government set up a task force, charged with identifying obstacles to the development of Islamic finance. The group reported back favourably. Where shariah compliant investment is concerned, Luxembourg can offer a range of vehicles that...
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