In recent years, Jersey has sought to develop a niche in Sharia-compliant investment funds, with the island’s legal community witnessing considerable growth in demand for Sharia-compliant structures. These include investment funds investing in European property, as well as in the Gulf regions.
Jersey has also been involved in the development of the market in corporate sukuk (Islamic bonds) and structured products aimed at sophisticated Gulf-based investors. Jersey’s regulatory regime is now well versed in the nuances and requirements of Sharia structures and has responded favourably to the potential new paradigm of ethical and non-correlating funds and capital market products.
