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      Luxembourg has become a domicile of choice for Islamic finance in Europe and has a history of innovation in this field. In 1983, Luxembourg was the chosen domicile of the first shariah compliant insurance company in Europe. The Luxembourg Stock Exchange was also the first European stock exchange to enter the sukuk market, in 2002 and 16 sukuk issues have since been listed and traded on the Luxembourg Stock Exchange. As at September 2010, 37 regulated shariah compliant investment funds and sub-funds have