Although the Grand Duchy of Luxembourg is a very small country in
terms of area and population (2,586 km2 and 502,000 inhabitants), it is
one of the most important financial centers all over Europe. Nowadays,
Luxembourg is considered to be the first European financial centre and
globally the second after the United States of America in terms of fund
industry. Furthermore, Luxembourg is recognized as one of the leading
Islamic financial centers through its history in the field of Islamic
finance and its continuous efforts to develop this sector. (source)
