Islamic finance

View Banking & Finance by content type:

News

Practice notes

Precedents

Q&As

Latest Banking & Finance News

UK should diverge from EU’s green-finance taxonomy, former lawmaker Swinburne says

The following Banking & Finance news provides comprehensive and up to date legal information on UK should diverge from EU’s green-finance taxonomy, former lawmaker Swinburne says

Comment—UK lenders square up to tricky task of clawing back Covid-19 loans

The following Banking & Finance news provides comprehensive and up to date legal information on Comment—UK lenders square up to tricky task of clawing back Covid-19 loans

Comment—EU green-finance plans may leave multinationals out in the cold

The following Banking & Finance news provides comprehensive and up to date legal information on Comment—EU green-finance plans may leave multinationals out in the cold

Agency—undisclosed commission—rescission—whether fiduciary relationship required (Wood v Commercial First Business)

The following Banking & Finance news provides comprehensive and up to date legal information on Agency—undisclosed commission—rescission—whether fiduciary relationship required (Wood v Commercial First Business)

Featured Banking & Finance content

Negative pledges

This Practice Note examines:•why negative pledge clauses are used in commercial transactions •the consequences of breaching negative pledge...

Common financial covenants

This Practice Note explains certain common financial covenants used in commercial finance transactions including:•minimum net worth test•gearing...

Real property mortgage: single company chargor—bilateral—specific monies

This Deed is made on [insert day and month] 20[insert year]Parties1[Insert name of Chargor], a company incorporated in England and Wales with...

Fixed and floating charges

There are four main types of security available under English law: •mortgage•charge•pledge, and•lienThis Practice Note explains:•the nature of a...

Practice notes

Role of a bond trustee

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...

9th Nov

Practice notes

What is securitisation?

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...

9th Nov

Practice notes

Drafting and negotiating the facility agreement

This Practice Note covers the typical structure of facility agreements and the key terms and provisions that will be included. It examines the process...

9th Nov

Practice notes

Subordination

Subordination is a way of changing the priority of claims against a debtor so that one creditor or group of creditors (the junior creditor(s)) agree...

9th Nov

Practice notes

On demand guarantees and bonds

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...

9th Nov

Practice notes

Transferring a loan by legal assignment

Assignment is a means by which a lender can transfer its interest in a loan to another lender.For an overview of the reasons why a lender might...

9th Nov

Practice notes

Transferring a loan by novation

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...

9th Nov

In-house

Practice notes

Bridge to bond facilities

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...

Produced in partnership with Cleary Gottlieb and Ian Chin of Morrison & Foerster 12th Jan

Practice notes

Debt securities—10b-5 letters

A 10b-5 letter (also referred to as a 'disclosure letter') is a letter delivered to the underwriters by issuer's and underwriters' counsel in...

Produced in partnership with Charles Farnsworth of Baker McKenzie and Adam Farlow of Baker McKenzie 12th Jan

Practice notes

Instructing and managing local counsel

Given the cross-border nature of many banking transactions, it is common for the principal legal advisors for lenders and borrowers to need to...

9th Nov

Practice notes

Borrowing base facilities—structure, key terms and risks

What is a borrowing base facility?Borrowing base facilities ('BB Facilities') are a type of trade finance. They are working capital credit facilities...

Produced in partnership with Dentons UK and Middle East LLP 12th Jan

Practice notes

Shipbuilding contracts

This Practice Note considers the main terms included in standard form shipbuilding contracts. In particular, it looks at:•standard forms of the...

9th Nov

Precedents

Guarantee and indemnity: cross guarantee from group companies—bilateral—all monies

This Deed of guarantee and indemnity is made on [insert day and month] 20[insert year]Parties1[Insert name of Guarantor], a company incorporated in...

9th Nov

Precedents

Director’s certificate for a bilateral loan: borrower

[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...

9th Nov

Practice notes

Guide to completing the ISDA Schedule

Coronavirus (COVID-19): This Practice Note contains information on subjects potentially impacted by the government and regulators' responses to the...

9th Nov

Practice notes

Commodity repo transactions and true sale considerations

Commodity repurchases (repos) are a common alternative method of financing. There are a number of advantages for both the financier and a commercial...

Produced in partnership with Sullivan 12th Jan

Most recent Islamic finance content

Practice notes

Key participants in the Islamic finance industry

This Practice Note provides a high-level overview of the key standard setters and participants in the Islamic finance industry and their respective...

12th Apr

Practice notes

Islamic finance glossary

The Islamic finance glossary pulls together key definitions and acronyms for terms commonly used in the Islamic finance industry and in Islamic...

12th Apr

Practice notes

Getting the Deal Through: Islamic Finance & Markets 2021

Jurisdictions coveredThe following jurisdictions are covered in this report:France; Japan; Malaysia; Philippines; Switzerland; United Kingdom; USA;...

9th Apr

Practice notes

Sukuk—investment bond arrangements and their UK direct tax treatment

Shari’a-compliant financing arrangements (also known as Islamic financing arrangements) can take a number of forms. The UK has introduced specific...

Produced in partnership with Sarah Squires of Old Square Tax Chambers 9th Apr

Practice notes

Structure of a musharaka transaction

Key features•This is a form of commercial partnership where two or more parties both provide capital (and real assets) as well as time and effort,...

8th Apr

Practice notes

Takaful—key transaction mechanics and documentation

Takaful is a means of providing risk-cover conducted in line with the principles of Islam. To understand the mechanics of takaful and its...

Produced in partnership with Dr Hiba Allam, PhD in Islamic Insurance Law 8th Apr

Practice notes

Structure of a Salam transaction

Key features•This structure is also known as a forward sale agreement and involves the Islamic Financial Institution (IFI) purchasing goods on behalf...

8th Apr

Practice notes

The distribution of takaful products through banks

Like their conventional counterparts, takaful operators (ie Islamic insurance providers) have a number of ways to distribute their Shari’ah compliant...

Produced in partnership with Dr Hiba Allam, PhD in Islamic Insurance Law 8th Apr

Practice notes

Structure of an Ijarah transaction

Key features•This is the equivalent of leasing in an Islamic finance structure and is a contract under which the owner (lessor) purchases an asset and...

8th Apr

Practice notes

Aviation finance—Islamic finance considerations

The Islamic finance industry has seen rapid growth in recent years as financial institutions and their clients look towards exploring alternative...

Produced in partnership with Norton Rose Fulbright 8th Apr

Practice notes

Sources of Shari'ah

IntroductionShari'ah (also Sharia, Shariah or Shari’a) (literally, in Arabic, 'the path towards the watering place') or Islamic law is the legal...

8th Apr

Practice notes

Structure of a mudaraba transaction

Key features•This is a form of investment management. Two parties form a commercial partnership with the Islamic Financial Institution (IFI) or group...

8th Apr

Practice notes

Structure of an Istisna'a transaction

Key features•This is a form of project finance used to fund the manufacturing of goods or assets that are not yet in existence. It is most commonly...

8th Apr

Practice notes

Structure of a murabaha transaction

Key features•Murabaha is one of the most controversial, but commonly used Islamic finance techniques. It is used particularly in the Middle East for...

8th Apr

Practice notes

A beginner’s guide to Islamic finance

This Practice Note provides a basic introduction to Islamic finance and in particular looks at:•the nature and scope of Shari’ah•sources of...

8th Apr

Practice notes

Structure of a commodities murabaha transaction

Key features•A Customer does not obtain a physical asset for their own use, but to engage in a series of purchase and sales transactions that result...

8th Apr

Practice notes

Common Islamic finance structures used in project finance

This Practice Note considers the various Islamic or Shari’ah compliant structures typically seen in project financings and looks at the documentation...

8th Apr

Practice notes

Key principles of Islamic finance

Shari’ah compliant or Islamic finance is a form of financing based on principles of and prohibitions under Shari’ah or Islamic law. These principles...

8th Apr

Practice notes

The required elements and structure of takaful

Takaful is the provision of risk-cover conducted in line with the principles of Islamic law (Shari’ah). It offers a unique and important alternative...

Produced in partnership with Dr Hiba Allam, PhD in Islamic Insurance Law 8th Apr

Practice notes

Types of debt securities

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...

8th Apr

Islamic finance

View Banking & Finance by content type:

Latest Banking & Finance News

UK should diverge from EU’s green-finance taxonomy, former lawmaker Swinburne says

Comment—UK lenders square up to tricky task of clawing back Covid-19 loans

Comment—EU green-finance plans may leave multinationals out in the cold

Agency—undisclosed commission—rescission—whether fiduciary relationship required (Wood v Commercial First Business)

Featured Banking & Finance content

Negative pledges

Common financial covenants

Real property mortgage: single company chargor—bilateral—specific monies

Fixed and floating charges

Most recent Islamic finance content

Popular documents

Forming enforceable contracts—consideration

Proprietary estoppel

What is a tort?

Automatism

Contact Us

Popular Links

Policies

Follow us