Our Islamic Finance Team advises on a wide range of Shari’ah compliant finance facilities, including murabahas (cost-plus financing), tawarruqs (cash flow financing), ijaras (leasing arrangements) and musharakahs (partnership financing).
We act for a variety of customers and banks, and have particular expertise in the development sector.
Our advice includes advising on the differences between Shari’ah compliant funding arrangements and conventional facilities and the potential benefits and risks to a customer. We advise on all aspects of the structure and documentation, from the master financing agreement, through to agency documentation and related security arrangements.
Examples of our experience include:
- Acting for a developer using a reverse murabaha facility of £10mn in relation to a residential development of 23 units.
- Acting for an Islamic bank in relation to musharakah funding arrangements involving joint ownership of a number of properties in the West End.
- Acting for a developer in relation to a tawarruq investment facility of £5mn secured against various properties in London.
For more information or to speak to our specialist Islamic Finance team, contact us by using the form or call today on 0800 2800 421.