Government seeks to attract Islamic finance to Island
It seems that the Government will continue working to establish Bermuda as a centre for Shariah-complaint finance.
Business Bermuda members have over the last few years been marketing Bermuda as a jurisdiction that can administer and manage Shariah-compliant funds, re/insurance and other types of financial/investment products, Shariah law frowns on alcohol, tobacco and gambling-related businesses and bans interest.
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