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Islamic Microfinancing in Luxembourg

August 2010 - Finance. Legal Developments by Linari Law Firm.

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The following article was co-written by a partner of a well established law firm in Luxembourg and an expert in Islamic Finance with the objective to demonstrate the extent to which the Luxembourg microfinance vehicles an be used to foster the development of Islamic microfinance schemes. The argumentation is centred on the unique combination of the robust Western governance framework and structuring vehicles together with Oriental philanthropic and religious principles; this association is likely to meet the financing needs of the neediest who, so far, were kept aside of conventional interest-based microfinance solutions.

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For more information please contact Vincent LINARI-PIERRON,

vlinari@linari-law.lu or go to www.linari-law.lu