Islamic funds favour Channel Islands

According to recently published statistics the Channel Islands cornered 25% of new launches of Islamic funds in 2010. Shariah-compliant products are booming and the Channel Islands are becoming known as a preferred location for Islamic fund asset classes such as equities, money market, commodities, real estate, mixed assets and sukuk. Shariah compliant expertise, including the provision of the Shariah board, abounds in the Channel Islands.

The Channel Islands are at the forefront of Islamic finance and other fund frontiers for a number of key reasons, including their credibility, evidenced by their highly regarded regulatory status as viewed by international organisations. The OECD and IMF have given their stamp of approval. Further, it is clearly anticipated that the Channel Islands will offer AIFM Directive compliant alternatives.