Islamic finance in Europe (90)

Continuation

Of the total Islamic funds in Ireland:

-      63.8% have a global geographical focus;

-      23.4% the United States;

-      6.4% MENA;

-      4.3% Asia Pacific;

-      and 2.1% Europe.

Ireland is a leading centre for internationally distributed (UCITS) funds.

UCITS is Undertakings for Collective Investment in Transferable Securities.

From this point of view, Ireland is one of the first countries to introduce the UCITS IV Directive into national legislation.

UCITS established in Ireland can be traded throughout the 27 Member States of the EU.

From the research paper of European Central Bank

(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho, B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)