Islamic Finance
Key facts: Islamic finance solicitors
- Islamic finance concerns the raising of capital in accordance with Sharia (Shari’ah), or Islamic law.
- Central to Islamic finance is the importance of risk sharing, raising capital and the avoidance of riba (usury) or ghara (uncertainty).
- Sharia-compliant finance involves raising capital for companies without engaging in practices that would be considered haram.
- Haram finance includes practices that are usurious or exploitative, or involve prohibited products such as alcohol.
- Islamic finance contracts include bai salaam, ijara, istisna’a, mudaraba, murabaha and musharaka.
What we do: Islamic finance solicitors
We provide advice to banks, companies, sponsors and individuals on all aspects of Shariah-compliant financing. Depending on your needs, we can advise on raising capital, profit-and-loss sharing contracts, partnerships, leasing and Islamic forwards.
Our Islamic finance lawyers can assist you with your requirements and walk you through these processes to guarantee a smooth transaction. Some of the typical documents, agreements and services we would help your business with include:
- Mudarabah
- Musharakah
- Ijarah
- Salam
- Equities
- Sukuk
Our Islamic finance solicitors will also work closely with our corporate and tax teams to cover all aspects of your deal, so legal work is seamless for your entire transaction.
Asset backed financing in Islamic banking
We understand the central importance of asset-backed transactions in Islamic banking. Transactions that have no real physical assets are considered to be null and void under Shariah law. We can help to ensure that transactions are linked to profit and risk and avoid transactions in which money makes money.
Who we help: Banks, corporates, sponsors and individuals
We regularly give expert legal advice on Islamic finance throughout all stages of a transaction to a wide range of clients, including:
- banks
- companies
- sponsors
- individuals
This expert advice includes our considerable experience in advising raising capital, Shariah-compliant funds and the structuring of deals.
Why choose Harper James? Our Islamic finance solicitors’ experience
Our finance solicitors have all been recruited from top 100 UK law firms or from large international businesses. They each have more than 10 years post-qualifying experience. Find out more about our Islamic finance solicitors here:
Our three transparent pricing packages are designed to give you the widest possible access to high-quality legal advice, whatever the size and nature of your business:
City
Straightforward access to senior solicitors from £200 per hour.
An affordable solution for businesses needing one-off legal support. Receive 'City' partner-level expertise at a fraction of 'City' prices.
Enterprise
Have legal peace of mind for £189 per month with additional support from £99 per hour.
A monthly subscription legal support package specifically designed for start-ups and smaller businesses.
On-Demand
For businesses requiring 60+ hours of support a year, with prices equivalent to £99 per hour.
Fully account managed quarterly subscription service for businesses with more complex legal needs.
