Bermuda’s Big Bang entry to Islamic investment

Islamic finance is based on fairness and honest dealings. That is why trustworthy regulation is even more crucial to Islamic finance than to conventional finance.
Bermuda was the first offshore financial centre to issue Guidance Notes for its financial services sector on Islamic finance and is careful to keep up to date with developments in the sector. Bermuda’s great advantage is that over the past century it has developed a robust, transparent yet flexible regulatory system for traditional financial services. Its regulations work well because the regulators take good care to maintain a constant dialogue with the industry in order to maintain relevance and practicality.