A version of this article first appeared in
Jersey First for Finance 15th Edition, 2023.
As Islamic finance continues to grow and globalise, those
seeking to manage or deploy capital in line with the requirements
of Shariah will have ever greater need for structures and service
providers capable of satisfying these principles professionally and
transparently.
Jersey, with its deep bench of expertise and experienced
professionals across the legal, administration, accounting and
audit sectors, flexible structures and regulatory regimes and track
record of excellence in governance, is well placed to cater for
this increased demand.
Shariah compliance
From a legal perspective, Shariah consists of a body of Islamic
principles and jurisprudence (including in relation to financial
matters) which must be complied with when Muslims and Islamic
institutions transact or invest. It is not a governing law in
itself so Shariah investments and transactions will be
