Cross-border distribution – A key concern for Islamic funds – Islamic Finance News – Press Article

There are many considerations to be made, when choosing the fund domicile or the fund type. One key concern for fund managers is the ability to distribute the fund in multiple jurisdictions. Funds in the Middle East, whether conventional or Islamic, face constraints with regard to distribution. There are currently no arrangements for mutual recognition in place that would permit a fund authorized in one jurisdiction to be distributed to another country, without complying with the entire range of requirements set out by the host country. To read the full article, signed by Bishr Shiblaq, head of our Dubai office, please click on the link below: