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Islamic finance

Eversheds Sutherland recognizes the increasing global importance of Islamic finance and is dedicated to serving financial institutions and corporations operating in this sector. Our international Islamic Finance team provides advice to financiers and their customers on a range of sharia-compliant products and transactions. Wherever you operate, we are on hand to meet your needs.

Experienced Islamic Finance lawyers

We have experience across the full spectrum of Islamic finance and regularly work with leading institutions to develop innovative sharia-compliant products. Our practices cover Europe, the Middle East, North America and the Far East, through our offices in London, Dubai, Qatar, New York and Hong Kong. The international nature of our work allows us to pass on best practices to our team around the world. Our lawyers speak a variety of languages, including Arabic, French, German, Urdu, Hindi, Bengali, Persian and Malay.

Our recent experience includes advising:

  • DBS Bank, Deutsche Bank, HSBC, QInvest and QNB Capital on the establishment of Ooredoo’s sharia-compliant $2m sukuk program, including the issue of $1.25m in certificates
  • Al Baraka Bank Turkey on its issuance of $200 million sukuk al murabaha, which qualified as Tier II capital, according to the Turkish Central Bank’s guidelines on capital adequacy (following Basel II)
  • Majid Al Futtaim on the update of its medium-term note and sukuk issuance programs, the listing of the programs in Ireland and Dubai and the subsequent drawdowns
  • Qatar Islamic Bank on QAR546,150,000 commodity murabaha financing
  • Gatehouse Bank plc on a £11,700,000 murabaha financing of a residential development in London
  • Gatehouse Bank plc on a £22,500,000 murabaha financing of a hotel in London
  • Qatar National Bank on initial development finance for the Shard development and LBQ Limited on the subsequent development financing on the projects, redemption of a £500 million murabaha financing and £1.2 billion debt on the projects
  • Qatar National Bank on the establishment of its first real estate investment fund investing in the European property market, including fund structuring, advising on sharia compliance issues and obtaining regulatory approval
  • Qatar National Bank, Singapore, on commodity murabaha financings of various London properties
  • Damac on its debut debt issuance of $650 million five-year Regulation S senior unsecured sukuk, including the listing of the certificates in Ireland and Dubai
  • Türkiye Finans in respect of its inaugural $500 million sukuk issuance, which was the first non-pure ijara sukuk issued in Turkey
  • Gatehouse Bank plc on a £22,500,000 murabaha financing of a hotel in London
  • Lombard on $40 million and $50 million sharia-compliant jet financings
  • a Middle East financier on a $20,000,000 wakala trade agency agreement
  • a Middle East financier in relation to a $150,000,000 syndicated murabaha and mudaraba, led by the Islamic Trade Finance Corporation, financing a regional sovereign entity
  • a Middle East financier in relation to a $110,000,000 syndicated murabaha and mudaraba, led by the Islamic Trade Finance Corporation
  • a Middle East financier in relation to a master murabaha and mudaraba in respect of their ongoing relationship with Kuwait Turkish Participation Bank Inc
  • a Bahrain bank entering into master reverse murabaha agreement with Turkish bank
  • a Bahrain bank entering into a Master Islamic Agency Agreement for Investment Agreement with a North African bank
  • SWICORP on a SAR1.4bn syndicated ijari facility for the acquisition of several malls in Saudi Arabia
  • a Dubai real estate company on a USD227m murabah syndicated financing package for the development of 13 sites across Dubai
  • a DIFC investment bank providing a USD20m murabaha facility to a borrower
  • a DIFC investment bank on drafting their standard form conventional and Islamic master risk participation agreements

Contact our Islamic Finance team

If you would like any further information or need advice on Islamic finance matters, please contact our legal team.

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