Recent years have seen a boom in the use of the common law trust by Islamic families. Andrew Goodman explains its attraction to countries using Sharia law
The last decade has seen a dramatic increase in the use of trusts by Islamic families and considerable efforts have been made by banks and independent trust companies alike to ensure compatibility of their products with the principles of Sharia law. But why has the trust, exported to common law jurisdictions over the past few centuries, suddenly found such favour in the Middle East?
