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Offshore Centres Set to Benefit from Islamic Finance Growth
Ogier’s Head of Banking and Finance in Asia, Anthony Oakes says that offshore centres are set to benefit from forecast in growth of Islamic finance over the next few years. The appetite for Islamic finance products, new variations on products and an increased interest in the role of offshore centres in Islamic finance lead to a area with huge potential.
Research by the International Shariah Research Academy for Islamic Finance estimated the total value of global Islamic finance at around $900 billion in 2009 – that figure had reached $2.4 trillion by 2015, with forecasts reaching $3.4 trillion in 2018 and $5 trillion by 2020.
The 2023 Investment Day | 6/6 HK & 13/6 SG
Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th June 2023 in Hong Kong, 13th June 2023 in Singapore.
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About Ogier
Ogier provides advice on the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg law through our network of offices that also includes Hong Kong, Shanghai and Tokyo. We are the only law firm to advise on these five laws.We get straight to the point, managing complexity to get to the essentials. It is a collaborative approach. We listen actively, asking the right questions, focused on what really matters. We deliver targeted, pragmatic advice with absolute clarity. We regularly win awards for the quality of our client service, our work and our people.
Managing $20 million to $3 billion. Investing $3 million to $300 million.
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