Shariah Compliant Funds Seek a Safe Haven in Brazil’s Free Trade Zones
Alexandre Ferreira Lopes
Maalouf Ashford & Talbot
With expansion plans charted beyond core market horizons in the Middle East and Malaysia, Islamic finance is setting its sights on finding a safe haven to dock in southern waters. Banco do Brasil, Latin America’s biggest bank by assets, is ready to welcome these explorers with the launch of Brazil’s first Shariah compliant equity fund. Alexandre Ferreira Lopes guides us through these new waters.