Have you asked yourself why the majority of sukuk are registered in Cayman Islands? If you open any prospectus of sukuk, you may find SPV is registered there. The below points will answer why Islamic finance institutions attracted into Cayman Islands: 1- It is politically stable and its laws are based on the English common law system. (A British Overseas Protectorate). 2- Companies can register their names in Arabic as well as in English. 3- Cayman law recognizes the concept of a trust — a vital tool in many international structures. 4- Cayman’s tax-free status (companies are not required to pay income, capital gains, corporation or withholding taxes) 5- Companies can be incorporated within 24 hours
Posted on: Tue, 28 Oct 2014 12:05:28 +0000
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