Islamic Finance: The Role of Offshore Jurisdictions
As the Islamic finance industry strives to drive forward and out of the global financial crisis, the roles of offshore jurisdictions continue to grow exponentially. Caroline Barton analyses.
Offshore jurisdictions have played a vital role in the development of the Islamic finance markets. The Islamic finance industry is projected to become a US$2 trillion industry very shortly as the usage of these structures has expanded dramatically over the last decade; and offshore jurisdictions have been a key component to this growth.