why ireland for islamic finance

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IDA Ireland is the Irish Government Agency responsible for promoting and supporting Foreign Direct Investment (FDI) into Ireland. The agency manages an investor portfolio of 1,000+ international companies, employing more than 146,000 people and generating total exports in excess of 115 billion Euros. IDA Ireland works closely with client companies to help them assess opportunities in Europe and to support and assist them with establishing their operations in Ireland. Micheal Smith Director ASEAN e: [email protected] t: 00659815421 a: Ireland House The Amp Walk, 218 Jalan Ampang, 50450 Kuala Lumpur, Malaysia Dermot O’Reilly Business Development Executive e: dermot.o’[email protected] t: 0035316034203 a: IDA Ireland, Wilton Park House, Wilton Place, Dublin 2, Ireland Thinking of International Islamic Financial Services? Think Ireland. A Malaysian Partner, A European Home. For further information please contact: Why Ireland for Islamic Financial Services? www.idaireland.com www.linkedin.com/company/ida-ireland twitter.com/IDAIRELAND We are determined to ensure that the IFSC is a centre of excellence for Islamic Finance. Enda Kenny, Taoiseach (Prime Minister of Ireland), Federation of International Banks in Ireland (FIBI), Annual Conference, 22nd March 2012. Follow Us: amanie

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Page 1: Why Ireland for Islamic finance

IDA Ireland is the Irish Government Agency responsible for promoting and supporting Foreign Direct Investment (FDI) into Ireland. The agency manages an investor portfolio of 1,000+ international companies, employing more than 146,000 people and generating total exports in excess of 115 billion Euros. IDA Ireland works closely with client companies to help them assess opportunities in Europe and to support and assist them with establishing their operations in Ireland.

Micheal SmithDirectorASEAN

e: [email protected]: 00659815421a: Ireland House The Amp Walk, 218 Jalan Ampang, 50450 Kuala Lumpur, Malaysia

Dermot O’ReillyBusiness Development Executive

e: dermot.o’[email protected]: 0035316034203a: IDA Ireland, Wilton Park House, Wilton Place, Dublin 2, Ireland

Thinking of International Islamic Financial Services?

Think Ireland.A Malaysian Partner,A European Home.

For further information please contact:

Why Irelandfor IslamicFinancialServices?

www.idaireland.com

www.linkedin.com/company/ida-ireland

twitter.com/IDAIRELANDWe are determinedto ensure that theIFSC is a centre of excellence for Islamic Finance.

Enda Kenny, Taoiseach (Prime Minister of Ireland),Federation of International Banks in Ireland (FIBI),Annual Conference, 22nd March 2012.

Follow Us:

amanie

Page 2: Why Ireland for Islamic finance

Over the past 25 years,Ireland has establisheditself as one of the world’s most successfullocations for the International FinancialServices Industry.Islamic Finance has been identified as a key growth area within the Irish Government’s Strategy for the International Financial Services Sector. Ireland would like to grow its Islamic Finance capability with Malaysia as a partner.

At present, 250 international financial services companies, employing more than 25,000 people are operating in Ireland. The industry has globally recognised capabilities including:

Ireland. A European hub for Islamic Finance transactions.

Over US$2.5 trillion of investor assets from 167 countries are serviced by Irish based providers.

Over US$1 billion of Shari’ah compliant AUM* serviced in Ireland. *Lipper

14 promoters from the Middle East and North Africa have Islamic funds or schemes domiciled or serviced in Ireland.

Amanie Advisors, a leading Shari’ah advisory firm specialising in Islamic Finance solutions, has established an office in Ireland.

Equivalent tax treatment of Islamic and conventional financial transactions.

Extensive and growing Double Taxation Treaty network including Malaysia, Singapore and GCC Countries.

Irish tax code ensures that a Sukuk return is treated as interest for Irish tax purposes.

Ireland has signed MOUs with the Securities Commission Malaysia, Central Bank of Bahrain, and the Emirates Securities and Commodities Authority.

-Funds & Fund Servicing-Investment Management-Asset Servicing & Financing-Aircraft Financing & Leasing-Banking & Payments-Insurance & Re Insurance-Project Finance-Financial Technology and R&D-Legal, Accounting & Regulatory Services

Ireland. One of the best places in the world to do business.

Ireland has a highly skilled, educated and young workforce. It is also the only English speaking, common-law jurisdiction in the Eurozone, with access to a pan-European market and talent pool of 500 million people. Dublin is rated the best city in the world for human capital in the EIU Benchmarking Global City Competitiveness Report 2012.

Over 1,000 multinational companies have chosen Ireland as their strategic European base. Many of these companies have expanded their facilities due to the profitability and success of their Irish operation.

According to the IMD World Competitiveness Yearbook 2012, Ireland topped the rankings for the availability of skilled labour, flexibility of workforce, investment incentives and attitudes towards globalisation. Ireland is ranked 1st in the world for inward investment by quality and value in the 2011 IBM Global Location Trends Report. Ireland is rated as one of the top 10 Best Countries for Business in the Forbes 2011 Best Countries for Business Report.

Ireland has a low corporate tax rate of 12.5%.

Ireland is a leading centre for research, development and technological innovation. Multinational financial services companies in Ireland invest in R&D and develop technology to support their businesses.

Tax

Technology

Track Record

Talent