Development of the Loan Market Association (LMA) documentationThe project to develop the LMA investment grade documents began in 1998 as a response to...
This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
What is a 'capital call facility'?A capital call facility is a form of finance provided by a lender to a fund and typically secured against investors’...
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...
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...
Documents for a typical project finance transaction can be split into three broad categories:•finance documents—the finance documents govern the debt...
Commodity repurchases (repos) are a common alternative method of financing. There are a number of advantages for both the financier and a commercial...
Shares are commonly offered as security for a loan in commercial lending transactions.Practice Note: Taking security over shares explains how to take...
Like their conventional counterparts, takaful operators (ie Islamic insurance providers) have a number of ways to distribute their Shari’ah compliant...
Introduction—transactional Islamic financeThere are a number of different opinions and principles iterated by Shari’ah board members when interpreting...
TerminologyGiven the historic origins of Shari'ah principles and jurisprudence in general and those underlying the development of bai salam, much of...
This Practice Note provides an overview of the key considerations that an Obligor should take into account in selecting an appropriate structure for...
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...
In the Name of Allah, the Most Beneficent, the Most MercifulThe evolution of Islamic financeThe requirement for financing is an essential requirement...
This Practice Note sets out the key differences between conventional bonds and sukuk, or trust certificates as they are otherwise known, (the Sukuk)....
Introduction—a pure theory or a dead practice?For a number of years, Islamic financing has been offered by both Islamic financial institutions (IFIs),...
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...
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