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Islamic Finance: From the Cayman Islands to the Middle East and Beyond
Louise Groom and Joanna Hossack
Harneys
March 2014
 

The use of offshore companies in Islamic finance is driven by many of the same factors as in conventional banking, as tax efficiency, bankruptcy-remoteness and privacy are considerations common to most cross-border transactions. Louise Groom and Joanna Hossack write on how the Cayman Islands are in a fortunate position as the preferred jurisdiction for Islamic financing structures originating in the Middle East and the UK.

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