Islamic Derivatives and Structured Finance

We have advised on a variety of Shari'a-compliant commodity derivatives products including commodity-based indices.

We have advised on variety of Shari'a-compliant credit-linked notes, including swaps, credit-linked notes and credit-linked repos.

We have advised on a wide range of Shari'a-compliant equity derivatives products, including puts, calls, collars and total return swaps on shares, share baskets and indices both on a standalone basis and as part of wider financing transactions. We have also advised on Shari'a-compliant equity-linked and index-linked certificates.

We have advised a number of financial institutions on profit rate swaps and Shari'a-compliant FX transactions on a standalone basis and as part of wider financing transactions (including Shari'a-compliant securitisations). We have also advised on rates and FX products under Shari'a-compliant structured products platforms. We are currently advising ISDA and IIFM on developing market standard Shari'a-compliant FX forward documentation.

We have advised on a number of Shari'a-compliant repo transactions based on the collaterised murabaha structure ranging from vanilla repos to more structured repos (including those with embedded credit derivatives mechanics).

We have advised a number of banks on setting up their Shari'a-compliant structured products platforms which cater for the full range of structured products payoffs in a Shari'a-compliant format.

We have drafted template Shari’a-compliant derivatives and repo documentation for a number of institutions, including local and international banks, corporates and sovereign wealth funds. We advised the Saudi Arabian Monetary Authority on the development of template Shari’a-compliant derivatives documentation for the Saudi domestic market which is to be used for all Shari’a-compliant derivatives transactions between a Saudi bank and Saudi customer.