News

  1. Luxembourg Sukuk Bill passes into Law

    | Published in category News

    On the 9th of July 2014, the Luxembourg Parliament has approved the draft law 6631 on a sale and buy-back transaction of real estate assets necessary to issue an Islamic finance bond. By obtaining parliamentary approval, the Ministry of Finance has now paved the way to the issuance of the "Sukuk" transaction which is a milestone in the continuous development of Islamic finance in the Grand-Duchy of Luxembourg.

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  2. "Bitcoin is going to change the future of finance"

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    Michael Gronager, Chief Operating Officer, of Kraken, the first trading platform for Bitcoin explains why he thinks Bitcoin is going to change the future and invites you to attend our Virtual Currencies Conference in Luxembourg on July 9.

     

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  3. Fintec takes center stage at ICT Spring

    | Published in category News

    ICT Spring, one of Europe’s longest running and largest tech events, is taking place in Luxembourg. This year’s event is taking a finance oriented turn, titled “Innovating the Customer Experience". As such, it is exploring the innovative business models, cutting edge technology and pioneering customer channels that are transforming the FinTech sector by taking new financial services directly to consumers. 

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  4. Luxembourg delegation calls for greater international finance cooperation with Singapore

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    Luxembourg for Finance hosted a seminar in Singapore for bankers and fund managers aimed at driving greater strategic cooperation with the country in the field of international finance. Titled “Luxembourg and Singapore, combining excellence in international finance”, the event was led by H.E. Pierre Gramegna, Minister of Finance for the Grand Duchy of Luxembourg, who spoke about how the unique strengths and similarities of the two countries can be leveraged to mutual benefit.

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  5. Alipay and Agricultural Bank of China to set up in Luxembourg

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    As Luxembourg continues to grow as an RMB and e-payments hub in Europe, today the Minister of Finance Mr. Pierre Gramegna announced at a seminar in Shanghai that Alipay, one of the major online payment platforms in China, will establish its European entity in the Grand Duchy of Luxembourg.

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  6. Innovating through law and regulation

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    Legal innovation is key to the continuing success of the Luxembourg e-payments hub. Jean-Louis Schiltz, partner at Schiltz & Schiltz and Professor of Internet and Telecommunications Law at the University of Luxembourg is working closely with the ICT cluster to innovate through law and regulation.

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  7. Minister of Finance's China visit reinforces Luxembourg as Europe's RMB hub

    | Published in category News

    Minister of Finance Mr. Pierre Gramegna is leading a delegation of 70 top executives from the financial and related sectors to China. Reinforcing strengthened ties between the two countries, on the first day of his visit to Beijing, Minister Gramegna welcomed the signing of a Memorandum of Understanding between Luxembourg's Central Bank and the People's Bank of China, setting the framework for a future designation of a Renminbi clearing bank in Luxembourg.

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  8. Islamic finance in Europe: revival ahead

    | Published in category News

    The IFN Europe Forum was held for the first time in Luxembourg, attracting over 267 practitioners from 55 countries. Welcoming the Islamic finance community to Luxembourg, Minister of Finance Pierre Gramegna confirmed the support of the new government in continuity with the past. Alongside the Chinese RMB, Mr Gramegna identified Islamic finance as a key sector in plans to diversify the financial services industry, building on existing skill sets.

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