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...
In many commercial finance transactions, lenders expect to be given some form of credit support to increase their confidence in being able to recover...
This Practice Note explains the features of three common types of loan facility:•overdrafts•term loans, and•revolving credit facilities (RCFs)It also...
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 provides an introduction to intercreditor agreements and their key provisions. This Practice Note:•explains the purpose of having...
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...
Key features•This structure is also known as a forward sale agreement and involves the Islamic Financial Institution (IFI) purchasing goods on behalf...
Like their conventional counterparts, takaful operators (ie Islamic insurance providers) have a number of ways to distribute their Shari’ah compliant...
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...
Key features•This is a form of investment management. Two parties form a commercial partnership with the Islamic Financial Institution (IFI) or group...
Key features•Murabaha is one of the most controversial, but commonly used Islamic finance techniques. It is used particularly in the Middle East for...
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...
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...
Introduction—a pure theory or a dead practice?For a number of years, Islamic financing has been offered by both Islamic financial institutions (IFIs),...
TerminologyGiven the historic origins of Shari'ah principles and jurisprudence in general and those underlying the development of bai salam, much of...
Introduction—transactional Islamic financeThere are a number of different opinions and principles iterated by Shari’ah board members when interpreting...
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