Islamic finance
Our clients come to us because of our long-standing expertise
and knowledge of the principles and values of Islamic finance.
The team has built up an enviable reputation in a wide range of
Islamic finance products, as recognised by industry bodies. The
London and international offices (including those in the Middle
East) work closely together to provide a seamless service to our
clients requiring Islamic finance advice. The strength and depth of
the Islamic Finance practice are reflected in its extensive
blue-chip client list of international and domestic financial
institutions, fund managers, brokers and financial
intermediaries.
Members of our Islamic Finance team know most of the leading
Islamic finance scholars and we have access to leading bodies such
as the Accounting and Auditing Organisation for Islamic Financial
Institutions (AAOIFI). We are experienced in working with Shari'ah
supervisory boards and committees in developing new structures and
products. The knowledge of the team has helped us to understand the
intricacies of the processes involved to ensure a smooth and
successful transaction for our clients and their customers.
As the market develops, many Islamic transactions are driven by
the international banks based in London. To support this trend, we
have developed centres of excellence in London and in many of our
Middle East offices (which are located in the UAE, Oman, Saudi,
Qatar, Kuwait, Egypt, Turkey and Jordan). Our offices in the CIS
countries and Africa are also seeing an increase in Islamic finance
activity.
We have particular experience in:
- sukuk;
- murabaha;
- ijara;
- mudaraba;
- musharaka;
- salam;
- wakala;
- 'arbun; and
- wa'd,
which have been used in a wide range of financings including
some of the most significant groundbreaking sukuk. Our Islamic
Finance team has also been actively involved in Shari'ah-compliant
funds, highly structured investment products and Shari'ah-compliant
derivatives.