Dubai, UAE – Jersey Finance, an award-winning international financial centre (IFC), released a new brochure showcasing the jurisdiction's prowess in Sharia-compliant corporate activities. Titled 'Supporting International Sharia-Compliant Corporate Structuring,' the brochure features compelling case studies from Jersey, spotlighting the jurisdiction’s decades of expertise and experience in this specialist practice area. From Shari'a-compliant investment management to real estate acquisition and corporate restructuring, it offers deep insights into how Jersey empowers Islamic finance strategies. Positioned at the forefront of the industry, Jersey's versatile capabilities resonate across sectors, extending its support from the Middle East to global markets.

Leveraging over six decades of experience, Jersey's IFC continues to set the standard in cross-border banking, wealth management, funds, and capital markets activities. Notably, Jersey's expertise in Islamic finance has emerged as a key strength across all these areas and sectors in recent years.

The brochure details the corporate structuring solutions offered by Jersey firms to support Islamic finance activities in diverse markets, including the Middle East. Advisors working in the Islamic finance arena can gain valuable insights from these case studies.

Faizal Bhana, Director for the Middle East, Africa, and India, expressed pride in Jersey's ability to offer global investors advice and support for their Shari'a-compliant investments and structures. He highlighted that Jersey's legislation accommodates Shari'a-compliant structures, financing, and contracts, subjecting them to the same regulatory and legal scrutiny as conventional products and structures. Investors can also benefit from Jersey's flexible legal system, robust regulatory regime, and tax-neutral environment. As a result, Islamic finance has become an integral part of Jersey's cutting-edge global proposition.

Bhana emphasised that Jersey’s award-winning finance industry and practitioners have extensive experience in working with Shari'a Supervisory Boards (SSBs), Shari’a consultancies and Shari’a scholars to guide Shari'a considerations and compliance. In the corporate space, Jersey-based special purpose vehicles (SPVs) are frequently utilised in a wide range of Shari'a-compliant capital markets transactions, with Jersey entities facilitating Sukuk structures and other cutting edge and innovative financing structures.

Jersey is consistency recognised as one of the  preferred domiciles, particularly for Middle East and Far East investors, for Shari'a-compliant fund mandates in asset management areas such as real estate, private equity, commodities, and equity. For private wealth management, Jersey trusts offer an attractive vehicle for long-term generational wealth planning, ensuring compliance with Shari’a principles. Additionally, Jersey Foundations are appealing to families interested in establishing Awqaf or Shari'a-compliant endowments.

The brochure, which can be accessed through this link, provides valuable insights into Jersey's capabilities and offerings in supporting Shari'a-compliant corporate structures.

About the Brochure:

In the brochure, advisers working with clients in the Islamic finance arena can discover the details behind corporate structuring solutions offered by Jersey firms supporting Islamic finance in increasingly diverse areas, spanning the Middle East and beyond.

Jersey Firms Involved in the Case Studies and Topics Covered:

Crestbridge Family Office Services

Shari’a-Compliant Conventional Investing: A Mechanism for Multi-Generational Middle Eastern Families

Enness Global

Structuring a Shari’a-Compliant Mortgage via Corporate Entities

Equiom

Succession Planning Using Islamic Finance

Fairway

Shari'a-Compliant Financing for Real Estate

IQEQ

Assisting an UHNWI from Saudi Professionalise their Existing Structure

JTC Law

Developing Wealth Preservation Discretionary Trusts for a Saudi Family with Shari’a Principles

Mourant

UK Commercial Real Estate; Family Restructuring in accordance with Shari'a Law

Praxis Group

Corporate Asset Restructuring for Shari'a-Compliant Succession Planning

Quilter Cheviot

Shari’a-Compliant Investment by a Discretionary Investment Manager

SG Kleinwort Hambros

Restructuring from a Conventional Interest-Bearing Debt to a Shari’a-Compliant Arrangement

Standard Bank

Establishing a Shari'a-Compliant Structure

Standard Chartered

Providing a Shari’a-Compliant Mortgage to Purchase a London Property

VG

Expanding a Property Portfolio Through Shari’a-Compliant Lenders via a Commodity Murabaha

Vistra

Succession Planning for a Multi-Generational Family with Aspirations to Follow Shari'a Law

About Jersey:

Jersey has been a leading international finance centre for more than 60 years. It has a forward-thinking and ESG-driven approach and is at the forefront of banking, corporate services, fintech, funds, investment management, private wealth, and the specialist areas of Islamic finance and philanthropy. Financial firms in Jersey provide services to clients around the world.

Media contacts
Yasa Ahmad
Edelman Smithfield
Email: yasa.ahmad@edelmansmithfield.com