Islamic finance

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Practice notes
BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be...
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9th Nov
Practice notes
This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
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9th Nov
Practice notes
Assignments by way of security can take different forms and it is important to understand how they are created and their effect. Security over choses...
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9th Nov
Practice notes
Coronavirus (COVID-19): The ICC has issued a guidance paper on the impact of COVID-19 on trade finance transactions issued subject to ICC rules. For...
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9th Nov
Practice notes
This Practice Note considers the costs that a lender operating in the interbank market will incur when providing funding to a borrower and the steps...
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9th Nov
Practice notes
Sub-participation is a means by which a lender can transfer its risk in a loan to another lender. For an overview of the reasons why a lender might...
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9th Nov
Practice notes
Novation is a means by which a lender can transfer its interest in a loan to another lender.This Practice Note looks at what is meant by novation...
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9th Nov
Practice notes
What are they?A bridge to bond facility is a type of acquisition financing where the buyer requires the certainty of a fully committed financing...
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Produced in partnership with Cleary Gottlieb and Ian Chin of Morrison & Foerster 12th Jan
Practice notes
There are times when a lender might want to get back some of the money it has lent to a borrower before the borrower is due to repay it.If the...
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9th Nov
Practice notes
Given the cross-border nature of many banking transactions, it is common for the principal legal advisors for lenders and borrowers to need to...
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9th Nov
Practice notes
The majority of secondary debt trades are conducted by telephone or by email. Following the trade call or email exchange, the parties will document...
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9th Nov
Practice notes
What is a borrowing base facility?Borrowing base facilities ('BB Facilities') are a type of trade finance. They are working capital credit facilities...
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Produced in partnership with Dentons UK and Middle East LLP 12th Jan
Practice notes
This Practice Note considers the main terms included in standard form shipbuilding contracts. In particular, it looks at:•standard forms of the...
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9th Nov
Precedents
[insert date]To:[insert full name and address of lender]Dear [insert full name of lender]I am a director of [insert full name of borrower] (the...
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9th Nov
Practice notes
Documents for a typical project finance transaction can be split into three broad categories:•finance documents—the finance documents govern the debt...
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9th Nov
Practice notes
Shares are commonly offered as security for a loan in commercial lending transactions.Practice Note: Taking security over shares explains how to take...
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9th Nov

Most recent Islamic finance content

Practice notes
Shari’a-compliant financing arrangements (also known as Islamic financing arrangements) can take a number of forms. The UK has introduced specific...
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Produced in partnership with Sarah Squires of Old Square Tax Chambers 15th Jan
Practice notes
Murabaha agreements may be employed to provide working capital or acquisition financing. A murabaha arrangement entered into for such purposes is...
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Produced in partnership with King & Spalding 8th Jan
Practice notes
Like their conventional counterparts, takaful operators (ie Islamic insurance providers) have a number of ways to distribute their Shari’ah compliant...
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Produced in partnership with Dr Hiba Allam, PhD in Islamic Insurance Law 8th Jan
Practice notes
This Practice Note provides an overview of the key considerations that an Obligor should take into account in selecting an appropriate structure for...
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Produced in partnership with Dentons LLP 8th Jan
Practice notes
When the murabaha structure was being developed for use in the UK, practitioners understood that the structure's novelty would produce a degree of...
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Produced in partnership with King & Spalding 8th Jan
Practice notes
Some commentators have noted that the interplay of form and substance for UK tax purposes parallels the relationship of form and substance for...
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Produced in partnership with King & Spalding 8th Jan
Practice notes
Murabaha contracts typically provide that the laws of England and Wales will govern agreements performed in the UK. A number of factors favour this...
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Produced in partnership with King & Spalding 8th Jan
Practice notes
The Islamic finance industry has seen rapid growth in recent years as financial institutions and their clients look towards exploring alternative...
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Produced in partnership with Norton Rose Fulbright 8th Jan
Practice notes
In the Name of Allah, the Most Beneficent, the Most MercifulThe evolution of Islamic financeThe requirement for financing is an essential requirement...
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Produced in partnership with Freshfields Bruckhaus Deringer LLP 8th Jan
Practice notes
Key elements of bai salamAs discussed in more detail in the Practice Note: The structure and required elements of a bai salam transaction, in...
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Produced in partnership with Trowers & Hamlins LLP 8th Jan
Practice notes
TerminologyGiven the historic origins of Shari'ah principles and jurisprudence in general and those underlying the development of bai salam, much of...
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Produced in partnership with Trowers & Hamlins LLP 8th Jan
Practice notes
This Practice Note provides an overview of the differences between the Sukuk markets in the Middle East and Far East, including recent trends and...
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Produced in partnership with Trowers & Hamlins LLP 8th Jan
Practice notes
Takaful is a means of providing risk-cover conducted in line with the principles of Islam. To understand the mechanics of takaful and its...
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Produced in partnership with Dr Hiba Allam, PhD in Islamic Insurance Law 8th Jan
Practice notes
A basic murabaha and a commodity murabaha arrangement can both be structured to facilitate a single transaction, or to operate on a revolving basis so...
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Produced in partnership with King & Spalding 8th Jan
Practice notes
This Practice Note sets out the key differences between conventional bonds and sukuk, or trust certificates as they are otherwise known, (the Sukuk)....
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Produced in partnership with Dentons LLP 8th Jan
Practice notes
Introduction to musharaka—a profit and loss sharing instrument of Islamic financeA fundamental principle of Islamic finance is that of ‘no profit...
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Produced in partnership with Morgan, Lewis & Bockius LLP 8th Jan
Practice notes
A Shari’ah compliant leasing agreement takes the form of an ijarah which can either be akin to an operating lease, whereby the asset is returned to...
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Produced in partnership with Hogan Lovells International LLP 8th Jan
Practice notes
Introduction—a pure theory or a dead practice?For a number of years, Islamic financing has been offered by both Islamic financial institutions (IFIs),...
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Produced in partnership with Morgan, Lewis & Bockius LLP 8th Jan
Practice notes
Murabaha is both one of the most widely used and controversial Islamic finance techniques. Murabaha (often referred to as ‘cost plus profit...
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Produced in partnership with King & Spalding 8th Jan
Practice notes
Islamic real estate finance is becoming ever more popular and increasingly mainstream in the UK and world property markets. Global assets of Islamic...
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Produced in partnership with Foot Anstey LLP 8th Jan

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