Ireland has established itself over the past 25 years as one of the world's most successful locations for the International Financial Services Industry. It has identified Islamic Finance as a key growth area and would like to grow its Islamic Finance capability with Malaysia as a partner. Ireland offers a number of benefits for Islamic Financial Services, including being a European hub that has over US$2.5 trillion of investor assets serviced by Irish providers and a track record of attracting over 1,000 multinational companies due to its skilled workforce, competitive tax rates, and supportive regulations and incentives.

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

2. Over the past 25 years, Ireland. Ireland.
Ireland has established A European hub for One of the best places in
itself as one of the Islamic Finance the world to do business.
world’s most successful transactions. Track Record
Over 1,000 multinational companies have chosen Ireland as
locations for the their strategic European base. Many of these companies have
expanded their facilities due to the profitability and success of
International Financial their Irish operation.
According to the IMD World Competitiveness Yearbook 2012,
Services Industry. 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
Islamic Finance has been identified as a key growth Over US$2.5 trillion of investor assets from 167 countries are inward investment by quality and value in the 2011 IBM Global
area within the Irish Government’s Strategy for the International serviced by Irish based providers. Location Trends Report. Ireland is rated as one of the top 10
Financial Services Sector. Ireland would like to grow its Islamic Best Countries for Business in the Forbes 2011 Best Countries
Finance capability with Malaysia as a partner. Over US$1 billion of Shari’ah compliant AUM* serviced in for Business Report.
Ireland. *Lipper
At present, 250 international financial services companies,
employing more than 25,000 people are operating in Ireland. 14 promoters from the Middle East and North Africa have Talent
Islamic funds or schemes domiciled or serviced in Ireland. Ireland has a highly skilled, educated and young workforce. It is
The industry has globally recognised capabilities including:
also the only English speaking, common-law jurisdiction in the
-Funds & Fund Servicing Amanie Advisors, a leading Shari’ah advisory firm specialising Eurozone, with access to a pan-European market and talent
pool of 500 million people. Dublin is rated the best city in the
-Investment Management in Islamic Finance solutions, has established an office in Ireland.
world for human capital in the EIU Benchmarking Global City
-Asset Servicing & Financing Equivalent tax treatment of Islamic and conventional financial Competitiveness Report 2012.
transactions.
-Aircraft Financing & Leasing Tax
-Banking & Payments Extensive and growing Double Taxation Treaty network
including Malaysia, Singapore and GCC Countries.
Ireland has a low corporate tax rate of 12.5%.
-Insurance & Re Insurance
-Project Finance Irish tax code ensures that a Sukuk return is treated as interest Technology
for Irish tax purposes. Ireland is a leading centre for research, development and
-Financial Technology and R&D technological innovation. Multinational financial services
Ireland has signed MOUs with the Securities Commission companies in Ireland invest in R&D and develop technology to
-Legal, Accounting & Regulatory Malaysia, Central Bank of Bahrain, and the Emirates Securities support their businesses.
Services and Commodities Authority.