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Islamic Finance

Our finance lawyers have extensive Islamic finance experience across our core areas of banking, real estate finance, investment and development. Our team advise both conventional and Sharia’a compliant financial institutions, corporate counterparties, advisors and investors in dealing with transactions structured so as to be compliant with Sharia’a principles.  We work with Sharia’a Supervisory Boards and in-house counsel to document such transactions.

We provide a range of services and bespoke Islamic finance advice, but our team has particular experience in dealing with the following Sharia’a compliant structures: Cost Plus and Commodity Murabaha, Wakala, Ijarah, Mudaraba and Musharakah structures.

Legal 500 commentary

The firm’s Islamic finance practice is recommended in the most recent edition of leading directory The Legal 500.

“Druces LLP continued to expand its practice with the arrival of Simon Pullen from Howard Kennedy LLP; he brings strong ties to new client British Arab Commercial Bank. Christopher Axford handled a number of property deals in 2015.”

Recent work

  • We advise a notable London bank on the terms of its new Islamic finance transactions.  All of these facilities to date were to property developers and all involved development or refurbishment financing.  Our advice included Sharia’a compliance advice.
  • We advise a leading Islamic bank on various acquisition finance, property and development facilities, including the recent £30m financing, through a Murabaha structure, of a large Midlands logistics hub.
  • We advised a leading Islamic bank on the provision of acquisition finance facilities in connection with a management buy out of a nationwide business.
  • We advised a group of Middle East investors in connection with a substantial property acquisition and lease back, utilising a Sharia’a compliant property financing arrangements.
  • We acted on behalf of a Middle Eastern investor, advising on the finance aspects (including Sharia’a considerations) of a structured investment into a private school in the UK.

Who to contact

Featured news

  • Ones to Watch – Islamic Finance feature in Acquisition International Magazine

    Druces partner, Christopher Axford, has been featured in a...

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Briefing notes

  • Druces advises Egdon Resources plc in connection with a £1.05 million subscription and convertible loan note instrument

    Druces’ Capital Markets team has advised AIM-listed Egdon ...

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  • Radical Reform of the Companies Register

    The Government has provided a response to the Corporate Tran...

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