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Sub practice
Sub practice

Islamic Funds

Our investment funds team regularly advises on the establishment and on-going operation of a wide range of Shari'a-compliant investment funds.

Our investment funds team has developed a range of Shari'a compliant fund structures across a range of sector including advising on Shari'a-compliant real estate, hedge, fixed income, private equity and SME funds. We also advise on acquisitions and disposals for, and investments into Shari'a compliant funds.

News and insights

Publications: 23 November 2023

Sustainable lending – a growing role for Islamic finance and Middle Eastern financiers

The aims of ESG investing and Islamic Finance structures are already closely – though not perfectly – aligned. Middle Eastern governments are looking to diversify away from oil and gas. This, Samer…

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Recognition

Deal highlights

A Dubai real estate company

A Dubai real estate company

We advised on its investment in shares in a DFSA regulated Shari’a-compliant real estate investment trust. 
 
A joint venture between a UAE sovereign wealth fund and US real estate asset manager

A joint venture between a UAE sovereign wealth fund and US real estate asset manager

We advised on the structuring and establishment of a Shari’a-compliant real estate platform for investment in the GCC, including advising on the first acquisition on behalf of the platform in the UAE.
A US hedge fund manager

A US hedge fund manager

We advised on the structuring of its Shari’a-compliant hedge fund.
A Middle Eastern private equity firm

A Middle Eastern private equity firm

We advised a Middle Eastern private equity firm on the establishment of ASAS, a pan-MENA real estate fund, structured by way of Cayman Islands exempted limited partnership, with Shari’a-compliant investment projects across the MENA region.

 
BAE Systems

BAE Systems

We advised BAE Systems on a USD750m Shari’a-compliant sale and  leaseback programme in Saudi Arabia, financed through investment  funds. NBAD on certain of the NBAD Growth Funds.
 
Gazeley (a subsidiary of Economic Zones World)

Gazeley (a subsidiary of Economic Zones World)

We advised Gazeley on its Shari’a-compliant development pre-let of 63,000 square meters of warehouse space to be constructed in the Jebel Ali Free Zone to CEVA, a major international distribution company, and subsequent sale of the property to a Middle Eastern private equity fund.
Mubadala Pramerica Real Estate Investors Limited (MPREI)

Mubadala Pramerica Real Estate Investors Limited (MPREI)

We advised MPREI on its acquisition of three residential towers on Saadiyat Island from TDIC and the subsequent lease back to TDIC of the towers to provide a yield guarantee to MPREI.