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Islamic Finance in Luxembourg in 2019

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Abstract

This chapter provides an overview of the Islamic finance in Luxembourg. The place of investment funds in this country and the legislative and political frameworks have created conducive environment for Islamic finance. The chapter covers the details of the demand and supply, the regulations and the trainings which explain the leadership of Luxembourg as well as presenting the products Sharıʿa compliant.

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Notes

  1. 1.

    Le Mensuel d’Agefi Luxembourg, http://www.agefi.lu/mensuel/article.asp?numarticle=12854

  2. 2.

    Muhammad Akram Khan, Islamic Economics and Finance: glossary, The Taylor & Francis e-Library, 2005.

  3. 3.

    Bourse de Luxembourg, https://www.bourse.lu/luxse-lists-luxembourg-sukuk-fr

  4. 4.

    ALFI, http://www.alfi.lu/setting-luxembourg/Sharīʿa-compliant-funds

  5. 5.

    IFSB, list of members Associate member, http://www.ifsb.org/membership.php?id=2

  6. 6.

    Le Gouvernement du Grand-Duché De Luxembourg Circulaire du directeur des contributions L.G.-A n° 55 du janvier 12, 2010, http://www.impotsdirects.public.lu/legislation/legi10/Circulaire_L_G__-_A_n___55_du_12_janvier_2010.pdf

  7. 7.

    Commission de Surveillance du Secteur Financier, Communiqué Règles applicables aux Sūkūk, janvier 26, 2011, http://www.cssf.lu/fileadmin/files/Publications/Communiques/Communiques_2011/C_sukuk_260111.pdf

  8. 8.

    Commission de Surveillance du Secteur Financier, Les OPC et la Finance Islamique Les OPC et la Finance Islamique, mai 11, 2011, http://www.cssf.lu/fileadmin/files/Finance_islamique/OPC_finance_islamique.pdf

  9. 9.

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  10. 10.

    ALFI, Islamic Funds Collection of best practices for setting up and serving Islamic funds, decembre 2012, http://www.alfi.lu/sites/alfi.lu/files/files/Publications_Statements/Brochures/ALFI-Islamic-funds.pdf

  11. 11.

    Le Gouvernement Du Grand Duché du Luxembourg, Approbation du Projet de Loi 6631 “Sūkūk”, Communiqué juillet 10, 2014, http://www.gouvernement.lu/3842071/09-pl-sukuk

  12. 12.

    Le Gouvernement Du Grand-Duché du Luxembourg, Communiqué octobre 1, 2014, http://www.gouvernement.lu/4054591/30-sukuk

  13. 13.

    Luxembourg for Finance, Luxembourg Vehicles for Islamic Finance Structures, avril 2010, http://www.luxembourgforfinance.com/sites/luxembourgforfinance/files/islamic_finance_brochure_apr10.pdf

  14. 14.

    Commission de Surveillance du Secteur Financier, Signature of a Memorandum of Understanding Between the Qatar Financial Markets Authority (QFMA) and the Commission de Surveillance du Secteur Financier (CSSF), October 14, 2015, http://www.cssf.lu/fileadmin/files/Publications/Communiques/Communiques_2015/Communique_MoU_CSSF_QFMA_141015.pdf

  15. 15.

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  16. 16.

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  17. 17.

    http://www.zawya.com/mena/en/business/islamic-finance

  18. 18.

    Islamic Corporation Development (ICD), Thomson Reuters, Islamic Finance Development Report 2016 Resilient Growth, http://www.zawya.com/ifg-publications/report/20161213065838706.pdf/

  19. 19.

    Islamic funds: Gearing up, http://www.mifc.com/index.php?ch=28&pg=72&ac=180&bb=uploadpdf

  20. 20.

    https://www.oecd.org/fr/fiscalite/centre-de-politique-et-administration-fiscales-brochure.pdf

  21. 21.

    Paperjam, La finance islamique est. éthique et participative, avril 2016, http://paperjam.lu/news/la-finance-islamique-est-ethique-et-participative

  22. 22.

    ALFI, historical overview and upcoming changes, http://www.alfi.lu/setting-luxembourg/ucits/historical-overview-and-upcoming-changes

  23. 23.

    Arendt & medernach, FIA—Fonds d’Investissement Alternatifs, septembre 2015, http://www.arendt.com/emails/2015.09.publications.on.if/AIFFR.pdf

  24. 24.

    Arendt & medernach, FIA—Fonds d’Investissement Alternatifs, septembre 2015, http://www.arendt.com/emails/2015.09.publications.on.if/AIFFR.pdf

  25. 25.

    Agefi Luxembourg, FIAR—Fonds d’Investissement Alternatif Réservé, janvier 2016, http://www.ey.com/lu/en/newsroom/pr-activities/articles/article_20160114_reserved-alternative-investment-fund

  26. 26.

    AGEFI Luxembourg—article paru en janvier 2016 FIAR—Fonds d’Investissement Alternatif Réservé, http://www.ey.com/

  27. 27.

    Memorial Journal Officiel du Grand – Duché de Luxembourg, Loi du March 22, 2004, relative à la titrisation, http://www.impotsdirects.public.lu/legislation/legi04/Titrisation-loi_du_22_March_2004.pdf

  28. 28.

    Circulaire du directeur des contributions L.G.-A n° 55 January 12, 2010.

  29. 29.

    https://saafi.fr/tags/luxembourg/

  30. 30.

    Cheikh Ali Mohyeddine Qurradaghi, L’Assurance Islamique Takāful, 2011, Paris, Bayane Editions

  31. 31.

    Luxembourg for finance, http://www.luxembourgforfinance.com/fr/finance-islamique

  32. 32.

    http://www.pwcacademy.lu/Pages/courses/modules/islamicfinance.aspx

  33. 33.

    http://www.ifebenelux.lu/fr/formation/finance-islamique.html

  34. 34.

    http://www.fsi.lu/actualite?page=2

  35. 35.

    http://elearn.lu/shop/financial-markets/elearning-course-islamic-banking-finance-an-introduction/

  36. 36.

    http://elearn.lu/shop/financial-markets/elearning-course-islamic-banking-finance-financial-instruments/

  37. 37.

    http://elearn.lu/shop/financial-markets/elearning-course-islamic-banking-finance-wealth-management/

  38. 38.

    https://saafi.fr/formation-et-seminaires-islamic-banking-qualification-program-ibq/

  39. 39.

    https://saafi.fr/formation-et-seminaires-islamic-takāful-qualification-program-itq/

  40. 40.

    http://www.alfi.lu/sites/alfi.lu/files/files/IFBL_ISLAMICFINANCE_2010.pdf

  41. 41.

    http://www.alfi.lu/sites/alfi.lu/files/files/IFBL_ISLAMICFINANCE_2010.pdf

  42. 42.

    http://www.uclouvain.be/cps/ucl/doc/formationcontinue/documents/UCL_DpltLSMFinIslamique_Web_5.pdf

  43. 43.

    https://wwwfr.uni.lu/media/files/maquette_m2_dbfe_hl_s1_s2

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Laarab, J. (2019). Islamic Finance in Luxembourg in 2019. In: Hajjar, M. (eds) Islamic Finance in Europe. Palgrave Studies in Islamic Banking, Finance, and Economics. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-04094-9_9

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  • DOI: https://doi.org/10.1007/978-3-030-04094-9_9

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-04093-2

  • Online ISBN: 978-3-030-04094-9

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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