Shari'ah funds and finance

Shari'ah funds and finance guidance:

Key elements of bai salam As discussed in more detail in the Practice Note: The structure and required elements of a bai salam transaction, in particular with regard to...

Practice Note

Updated March 2019 Introduction The Business Environment Forming a Company Financing a company Opening a Branch office Opening a bank account Utilising office space...

Practice Note

Click here to download the latest Islamic Finance & Markets 2020 report, published by Getting the Deal Through. Jurisdictions covered The following jurisdictions are...

Practice Note

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 and prohibitions are...

Practice Note

Introduction—transactional Islamic finance There are a number of different opinions and principles iterated by Shari’ah board members when interpreting Shari’ah law in...

Practice Note

A Al-AjrA commission, fee or wages levied for services. Al-Ghurm bil GhunmThe principle that a party is entitled to gain only if it also bares the responsibility for any...

Practice Note

What is Shari'ah law? Shari'ah law is a set of Islamic principles adhered to by Muslims, and is derived from the central religious text of Islam, the holy Qùran, the...

Practice Note

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

Practice Note

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 the lessor at the end...

Practice Note

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

Practice Note

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 then transfers...

Practice Note

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 used for the...

Practice Note

This Practice Note provides an overview of the key considerations that an Obligor should take into account in selecting an appropriate structure for the issuance of...

Practice Note

Introduction to musharaka—a profit and loss sharing instrument of Islamic finance A fundamental principle of Islamic finance is that of ‘no profit without risk’, ie the...

Practice Note

This Practice Note sets out the key differences between conventional bonds and sukuk, or trust certificates as they are otherwise known, (the Sukuk). The Practice Note...

Practice Note

Murabaha is both one of the most widely used and controversial Islamic finance techniques. Murabaha (often referred to as ‘cost plus profit financing’) involves a minimum...

Practice Note

When the murabaha structure was being developed for use in the UK, practitioners understood that the structure's novelty would produce a degree of uncertainty. As a...

Practice Note
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