Jersey Finance

Jersey poised to profit from forecast Islamic finance boom

According to Ernst & Young, the strong move Jersey Finance has made into the Gulf region will result in huge benefit to the company due to an expected significant rise in Islamic finance. Estimates predict a growth in sukuk demand from US$300 billion to US$900 billion by year 2017. The leading source of demand is said to be South East Asia and the Middle East. An increase of Jersey's involvement in the Arab world is possible through capitalisation on its strong links with the Arab states.

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Jersey looks to build stronger relationship with Middle East and India

In order to strengthen its relations with the Middle East and India, Jersey Finance wants to open a new overseas office.
The plan is to succeed this in the first quarter of 2011.
The organisation has two other overseas offices, in London and Hong Kong.
HSBC Middle East is regulated on Jersey, while Emirates NBD, the National Bank of Kuwait and the National Bank of Abu Dhabi all run elements of business on the island

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