Expert Islamic Finance Lawyers

Expert Islamic Finance Law Firm


The Islamic Finance team at Blake Morgan advises on a wide range of Shari’ah compliant finance facilities, including murabaha (cost-plus financing), tawarruq (cash flow financing), ijara (finance and operating leasing arrangements) and musharakah (partnership financing).

Our Islamic finance specialists act for a variety of customers and banks, and have particular expertise in the development sector.

We are able to advise on the differences between Shari’ah compliant funding arrangements and conventional facilities and the potential benefits and technical risks to a customer.

The Islamic Finance team all hold the global Chartered Institute of Securities and Investment Level 3 Islamic Finance Qualification.

Arrange A Call With One Of Our Experts

Main Areas Of Practice


Our team of Islamic finance solicitors are highly experienced in dealing with Shari'ah compliant finance facilities in a variety of sectors including:

Real Estate – Commodity Murabaha structures

We offer a range of practical and targeted capital financing solutions to meet our clients' requirements in respect of their property needs. Our Commodity Murabaha structure involves the sale of base metals on the London Metals Exchange to create cash flows similar to a conventional property acquisition and/or development facility.

Real Estate – Diminishing Musharakah transactions

Our Diminishing Musharakah transactions involve the establishment of a partnership arrangement where the bank jointly buys and then transfers ownership of a property to the customer over time.

Aviation

We provide highly respected and comprehensive legal advice for clients engaging in Shari'ah compliant operating and finance leases of aircraft. By using the Ijara and Ijara wa Iqtina financing arrangements, which often involve establishing a lease arrangement that includes a promise to transfer ownership of the aircraft in question, we ensure that our clients receive Shari'ah compliant outcomes.

Related Expertise


Our Clients


Our team advises and acts for customers and also both conventional and Shari’ah compliant financial institutions. We are recommended as preferred solicitors to real estate investors and developers in London and the surrounding regions.

Regularly advising on Islamic funding structures. Impressed interviewees say: "He kept to timescales and had a pragmatic view of the transaction and explained the pros and cons of the situation."
- Chambers UK A Client's Guide to the Legal Profession 2019 - Steve Cole


Highlights


A developer using a reverse murabaha facility of £10 million in relation to a residential development of 23 units. We advised on the Shari'ah financing structure, and on all aspects of the financing documentation.


A developer in relation to a tawarruq investment facility of £5 million secured against various properties in London. We advised the developer on the differences to a conventional facility and ensured he was comfortable with the arrangements.


An Islamic bank in relation to musharakah funding arrangements involving joint ownership of a number of properties in the West End. We advised on the first use of Shari'ah approved documentation relating to this funding structure for this Islamic Bank.


Awards and Accolades


Steve
Cole
Partner

Southampton

View Profile
Sophie
Shaladi
Senior Associate

London

View Profile

Awards and Accolades


BM Insights


Newsletters

Welcome to the latest edition of Brief Banking Bites! In this edition, we look at the recent case of The State of the Netherlands v Deutsche Bank AG [2019] EWCA...

Read More

Articles

Unlike a fixed charge, which attaches to specific assets (such as a business premises) and prevents the chargor from dealing or disposing of those assets without the chargee's consent, a...

Read More

Articles

The High Court held that the bank was not under a duty to act reasonably (a Braganza duty) when exercising its absolute discretion to demand repayment of a loan. This...

Read More

Case Studies

The Court of Appeal held that negative (as opposed to positive) interest was not payable on cash collateral posted under the 1995 Credit Support Annex (CSA) to an International Swaps...

Read More

Articles

Initial Coin Offerings (ICOs), and their tokens, have changed dramatically during the course of 2018. Back in January, Blockchain events in London were full of millennials living off appreciating cryptocurrency...

Read More

Articles

The Financial Conduct Authority (FCA) has confirmed that it intends to go ahead with its proposals to: increase the Financial Ombudsman Service (FOS) award limit; and extend the definition of...

Read More

Need Advice?
Call 0238 085 7047
Or Fill in The Form

Our Experts are here to help

  • Privacy Notice

    Blake Morgan Privacy Policy

    We do not use any enquiries to the [email protected] email address or any completed forms for marketing purposes.

  • This field is for validation purposes and should be left unchanged.