Dananeer - For Islamic Finance Consulting & Training Services

Latest News

Luxembourg to host the 8th Islamic Financial Services Board (IFSB)

Luxembourg Central Bank managed to get the green light to host the 8th IFSB annual summit in 2011 in Luxembourg and thus to be the first EU member to host such a meeting.

Dananeer Shariah Supervisory Board...

will be appointed as the Shariah supervisory board of one of the Islamic Investment funds in Luxembourg and will be included in the prospectus of the fund to be created soon in Luxembourg. Dananeer Shariah supervisory board shall validate the structure of the fund, supervise its investment policy, and if necessary organize the purification process of its income.

Luxembourg sovereign Islamic Bonds

Luxembourg is considering issuing sovereign sukuk (Islamic Bonds) to raise its profile for Islamic funds.

Apex Fund Services - Luxembourg...

was appointed fund administrator for Amiri Shariah Equities Platform. The platform is a solution for establishing a Luxembourg Shariah compliant fund that allows long and short equity strategies.

Luxembourg Stock Exchange Lists USD 3.5 Billion Qatari Bond...

issued by Qatari Diar Finance, the property agency of Qatar’s sovereign wealth fund, this offering composed of two tranches with respective maturities at 2015 (3.50% coupon) and 2020 (5.00% coupon). Proceeds from the issue will be used to finance real estate projects in Qatar, as part of a Shariah-compliant transaction of the Murabaha type.

Our Publications

Prix ALJB 2008

M&A Review Luxembourg

Comments on the Luxembourg Tax Circular

AGEFI June 2010

Contact

Dananeer

37 rue d'Anvers

L-1130 Luxembourg

Tel: +352 271 257 47

Fax: +352 271 257 48

Mail: info@dananeerict.com

Associate Member with AAOIFI

About Us

About Dananeer
Dananeer* S.à r.l is a newly founded independent Islamic finance consulting and training company based in Luxembourg, a major European and international finance centre.

Our Vision
Dananeer aims to be a 'One-Stop Shop' Shariah advisory providing business consulting, training, and recruitment services related to Islamic finance in the key markets of Europe, Middle-East, and Asia.

Our Organization
Dananeer has a core business management team based in Luxembourg and has access to a network of Islamic finance experts to draw on for consulting projects and training programmes. Dananeer is in the process of setting up an independant advisory Shariah Committee consisting of highly respected and experienced Shariah scholars from around the world.

Our Location
Dananeer is based in Luxembourg, one of the world class financial centres in the heart of Europe. Luxembourg is a key European player in the area of Islamic finance and is poised for tremendous growth in this sector. Some key points regarding the suitability of Luxembourg are:

The Luxembourg Stock Exchange was the first European stock Exchange to enter the sukuk market in 2002, until 2009, 16 issues with a combined value of over USD 7.3 billion were listed on it.
With more than 45 Islamic investment funds, Luxembourg has 7% of the global market share just after Malaysia, Saudi Arabia and Kuwait.
Luxembourg has a wide experience in cross border distribution of financial products.
Luxembourg is the second largest investment fund centre in the world after the USA.
Luxembourg Central Bank is the first official EU financial institution to become an "Associate Member" of the Islamic Financial Services Board (IFSB).

*The Arabic word 'Dananeer' comes from the plural of 'Dinar' - a gold coin which was an early form of currency in Islamic civilization. The name is derived from 'Denarius' a Roman silver coin (plural: Denarii) which comes from the Greek word 'dinarion' meaning 'to give' .