Islamic Finance in Luxembourg in 2019

  • Jihad Laarab
Part of the Palgrave Studies in Islamic Banking, Finance, and Economics book series (IBFE)


This chapter provides an overview of the Islamic finance in Luxembourg. The place of investment funds in this country and the legislative and political frameworks have created conducive environment for Islamic finance. The chapter covers the details of the demand and supply, the regulations and the trainings which explain the leadership of Luxembourg as well as presenting the products Sharıʿa compliant.


Islamic finance Islamic finance training Islamic investment funds Islam Ṣukūk Takāful 


  1. Bouharati, Bahya, Les fonds islamiques en Europe Régulation ou Réglementation? Belgique : promo culture Larcier, 2016.Google Scholar
  2. Cheikh Ali Mohyeddine Qurradaghi, L’Assurance Islamique Takāful, Paris, Bayane Editions, 2011.Google Scholar
  3. François Couilbault, Les grands principes de l’assurance, l’Argus de l’assurance, 2015.Google Scholar
  4. Kremer, Claude. Organisme de placement collectif et véhicules d’investissement apparentés en droit Luxembourgeois [en ligne]. Bruxelles : Larcier, 2014.Google Scholar
  5. Muhammad Akram Khan, Islamic Economics and Finance: A Glossary 2nd edition. London and New York: Routledge Taylor and Francis Group, 2005.Google Scholar
  6. Le gouvernement du Grand-Duché de Luxembourg, administration des contributions directes. Circular of the Director of Contributions L.G.-A n°55 of January 12, 2010.
  7. Luxembourg for Finance. Luxembourg Vehicles for Islamic Finance, 2014.
  8. Ernst & Young. The gateway for Islamic finance and the Middle East, 2016.
  9. Commission de surveillance du secteur financier CSSF. Publication of the law of 10 May 2016 transposing Directive 2014/91 /EU (UCITS v). 2016.
  10. Thomson Reuters Zawya. State of the Global Islamic Economy 2016/2017. 2016. Disponible sur
  11. Thomson Reuters Zawya. ICD Thomson Reuters Islamic Finance Development, Report 2016 Resilient Growth:
  12. Thomson Reuters Zawya. Thomson Reuters Global Islamic Asset Management outlook 2015 Unlocking Potential 2015.
  13. Association of the Luxembourg fund industry. Luxembourg : Centre international pour les fonds d’investissement. 2013.
  14. Association of the Luxembourg fund industry. Islamic Funds Collection of best practices for setting-up and servicing Islamic funds. 2012.
  15. Malaysia World’s Islamic Finance Market Place. Islamic Finance Prospects and Challenges. 2015.
  16. International Islamic Financial Market. Sukuk Report A comprehensive study on the Global Sukuk Market 5th Edition, 2016.
  17. Pew Research Center Forum, The Future of the Global Muslim, 2011,
  18. Arendt & medernach, FIA Fonds d’Investissement Alternatifs, 2015,
  19. Thomson Reuters, MIFC estimates Islamic Funds Gearing Up 2017:
  20. Islamic Corporation for the Development (ICD), Thomson Reuters, Islamic Finance Development Report 2016 Resilient Growth.
  21. BIS, Statistics Explorer. [En ligne].
  22. COMCEC Coordination Office, National and Global Islamic Financial Architecture: Problems and Possible Solutions for the OIC Member. 2016.
  23. FundsquareMarketInfrastructure.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Jihad Laarab
    • 1
  1. 1.ParisFrance

Personalised recommendations