Prior to the global financial crisis, the Islamic banking,
finance, insurance (takaful) and investment markets were riding a
wave of unprecedented growth.
Banking was growing 15-30 percent annually, with trading levels
having increased from US$70 billion in 2005 to US$300 billion in
2008. The takaful industry was growing at an annual rate of 20
percent. The asset growth rate in the Islamic finance industry from
2005-2008 was 400 percent with the industry worth more than one
trillion dollars in early 2008.
The global financial crisis may have put an end to that rapid
growth, but Islamic finance however may be moving toward providing
a new mainstream alternative to western banking and investment
products. This development is fuelled partly by the belief that
Shari'ah compliant products may not be as vulnerable as
conventional products....
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Investment manager Argyll Investment Services Limited has launched the World Shariah Funds PCC Limited, a Guernsey-based suite of Islamic-compliant investments which will be listed on the Channel Islands Stock Exchange (CISX) and distributed globally.
Jersey Limited Partnership Law provides a modern and comprehensive framework for the establishment and administration of a Family Limited Partnership (FLP) which can be formed to hold a family’s business or investments.
Two steps forward, two steps back. Italy has been shaking it all about so far this year. And after all that effort, by June 21st the Italian tax police were virtually back where they started the year.
In the course of international litigation a party seeks to depose a future witness of fact using powers available to that litigant under the laws of another jurisdiction or under powers of the domestic court.
Guernsey’s Government has announced that it plans to give financial institutions a window from 1st January 2011 to 1st July 2011 for moving to automatic exchange of information.
A recent discussion in Westminster Hall on ‘Offshore Financial Centres’ highlights a growing understanding among UK MPs of small International Finance Centres (IFCs), according to Peter Niven, Chief Executive of Guernsey Finance.
The Lord Mayor of the City of London, Alderman Nick Anstee, has endorsed Guernsey as an International Finance Centre (IFC) during a recent visit to the Island.
As offshore legal counsel based in Hong Kong, we commonly deal with the book ends of inbound private equity investment into the People’s Republic of China ("PRC"), that being, the initial establishment of the offshore investment fund structure, typically structured as a limited partnership and domiciled in either the Cayman Islands or British Virgin Islands (the "PE Fund") at one end, and at the other, investments made by PE Fund’s in certain offshore target entities ("Offshore Target"), indirec
