BMA Publishes Shariah-Compliant Funds Guidance Notes

Fawaz Elmalki, Sheba Raza • Posted 03/06/2011 • Under Articles

The Bermuda Monetary Authority recently published Guidance Notes that facilitate the establishment of Shariah compliant investment funds in Bermuda. The Bermuda government is keen to promote the development of Islamic finance in Bermuda and to explore opportunities to support the growth of this burgeoning industry. The publication of the Guidance Notes illustrates Bermuda’s continued commitment to embracing new market entrants and alternative business products, further complementing its role as a domicile of choice for Islamic finance transactions and Shariah-compliant funds.

This article was originally published by Islamic Finance News.