Pierre Gramegna

Luxembourg plans new sukuk in '16

The Grand Duchy of Luxembourg is keen to issue another sukuk next year following the success of the QInvest-assisted, first euro-denominated sovereign sukuk issued in September 2014, Finance Minister Pierre Gramegna said. He attended a roundtable discussion in Doha, focussing on strategic co-operation between the two countries in the field of international finance, among others. According to Gramegna, the seminar focused on Luxembourg as a diversified financial centre for private and institutional investors from the Middle East, as well as a leading Islamic finance centre in Europe. He noted that economic ties between the two countries led to a number of Qatari investments in the Grand Duchy.

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