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ARTICLE · 30 MAY 2009

Where Desert Sands Meet Cayman Shores

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The size of the Shari'ah financial industry has grown tremendously over the last four decades.

Cayman IslandsWealth Management
Appleby Global
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The size of the Shari'ah financial industry has grown tremendously over the last four decades. The Cayman Islands has had a pivotal role in these transactions, and is currently the jurisdiction of choice for vehicles used in the various types of Islamic financing transactions.

Recognising this, the Cayman Islands legislature has pioneered legislation that allows the registration of companies with both English and Arabic names. This has greatly enhanced the position of the jurisdiction in the world of Islamic finance, as has the initiative of several Cayman Islands service providers who have established a presence in the Middle East thereby making themselves more accessible to their clients.

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