Fund Structuring: Shariah Compliant Funds In Guernsey

Guernsey has traditionally been a favoured domicile for Shariah compliant structures.

We are seeing renewed interest in these types of structures - particularly from fund managers who have not previously targeted Shariah investors - as (i) sovereign wealth funds, pension funds and HNW individuals from the Middle East and South East Asia diversify into alternative assets like private equity (PE), and (ii) traditional or "western" managers look to expand into the Shariah market by establishing bespoke feeder or parallel funds in Guernsey which offer a Shariah compliant route into their conventional funds.  With the introduction of new fast-track regimes to attract overseas managers/funds to Guernsey, we hope to see more promoters enter this space in future.