Islamic Banking and Finance
Islamic Banking and Finance
Banking is one of the major practices of our firm. Our lawyers and in-house legal consultants have extensive experience and expertise in domestic, GCC and international financing transactions covering both conventional and Islamic banking and financing.
Islamic banking and financing compliance products:
We also advise on Islamic banking and financing compliance products. Our lawyers in particular Mr. Faisal are well-versed in Islamic banking and finance and this enhances our Law Firm’s breadth and depth of advice. We act for banking and financial institutions and customers as well as for clients from the public and private sectors, on Shariah compliant finance products, services and contracts that differ from conventional banking. Some of these include:
- Sukuk - Islamic bonds
- Musharakah - Joint venture
- Takaful - Islamic insurance
- Wadiah - Safekeeping
- Mudharabah - Profit sharing
- Hawala - An international fund transfer system
- Murabahah - Cost plus finance
- Ijar - Leasing