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Try the BVI for your next Musharakah

March 2009

While to date the British Virgin Islands (“BVI”) have not enjoyed the same visibility as the Cayman Islands for Islamic finance transactions, BVI business companies are increasingly used by managers of Shariah compliant funds and by financial institutions and investors for this purpose. In fact, the BVI is the most popular offshore jurisdiction in the world and has the same attributes which have made the Cayman Islands such a success. This article highlights some of the features common to both the Cayman Islands and the BVI and describes some of the specific advantages of the BVI as a domicile for a joint-venture Musharakah.

 

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A version of this article originally appeared in Islamic Finance News.

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