Cayman has always been a popular jurisdiction for incorporating Sukuk issuers. There are currently over 100 Sukuk companies registered in Cayman and we expect this fi gure to grow as the Sukuk market continues to thrive.

This market is growing, not only in the traditional jurisdictions such as Malaysia and the Gulf, but also across the non-Islamic world.

The increased interest in Sukuk in western industrialized economies such as the US is no coincidence. SEAN SCOTT and JOANNA HOSSACK discuss some of the contributing factors to this development.

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