Islamic Finance - Sukuk and Sharia Compliant Experts

The Allen & Overy Global Islamic Finance group has grown rapidly in recent years to become a global team with wide ranging expertise spanning a variety of practice areas and jurisdictions. Our team's cross-jurisdictional sub-groups whose specialisms include Banking, Corporate Trustee, Derivatives & Structured Finance, Projects, Real Estate, Securitisation and Sukuk, work together to offer clients both co-ordinated and tailored legal advice. In addition to our long-established presence in Dubai (30 years), our Islamic finance network benefits from specialists located in Abu Dhabi, Hong Kong, London, Riyadh and Singapore with group members also based in a number of our other leading offices.

The group's lawyers are not only experts in their given practice areas but are also Islamic finance experts. Our group's lawyers have a detailed understanding of the conventional and religious legal principles governing Islamic finance, evolving financing techniques and the primary factors fostering and affecting development in this fast changing sector. This extensive knowledge base allows us to provide up-to-date legal advice on a broad range of nuanced issues that arise during the structuring phase of any transaction. Legal complexities in the past have included specific jurisdictional concerns, commercial issues, taxation, accounting and other regulatory considerations. Our Islamic finance experts not only advise on major transactions and large-scale projects for banks, corporations and sovereigns, but also assist clients in developing innovative Islamic financial products in all practice areas.

Our Islamic Finance practice in:

Find out more about our experience

Insight

In this article, we consider the role of the wa'ad in the evolution of Islamic derivatives.
The market for Sharia-compliant derivatives products is at a fascinating juncture and we are witnessing the embryonic stages of an OTC derivatives market.

deals & cases

Allen & Overy has advised on the Government of Dubai’s inaugural sukuk issue which is both the largest sovereign sukuk ever and the largest international sukuk from the Middle East in 2009.
Allen & Overy LLP said today that the financing recently concluded for Port & Free Zone World FZE (part of the Dubai World group), comprising a dual-currency conventional term loan facility of USD852 million and AED550.6m and an AED550.9m Islamic facility, highlights the resilience of the Middle East's financial markets and the growing trend for deals combining both conventional and Islamic tranches.
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