´Shari´ah Compliant´ Trusts......Why Guernsey

'Shari'ah compliant' has become a popular term, especially in reference to financial products and services such as trusts. However, the term must be used with caution.

In Guernsey we recognise that no one standard trust can be regarded as being 'Shari'ah compliant' for all purposes. There is no uniform Shari'ah code but at least eight different schools of thought. Client requirements will depend on their nationality, branch of Islam and also what they want to achieve. We have service providers who are experienced and skilled at working with clients and Shari'ah advisers to establish bespoke structures that meet these needs.

Essentially, in Guernsey, we recognise the need and have the expertise – working in conjunction with an appropriate Shari'ah adviser – to craft tailor-made trusts that reflect the specific requirements of a client.