Expertise - Islamic Finance

Our team have the leading Scottish practice in Islamic finance.  We structured and documented the first Shariah-compliant mortgage products operating under Scots law and have been involved in some of the first purely Islamic commercial property financing structures in Scotland as well as structures combining both Murabaha financing techniques and conventional lending structures.

Read our 2016/17 Banking Deals Review to find out more about our work

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  • 05.Sep.2017 Goodbye ‘Postal Acceptance’ Rule, Hello ‘Out-of-Office Message’ Rule?

    Should an automated email message affect when a person becomes legally bound by an agreement concluded by electronic means? That is just one of a number of questions under consideration by the Scottish Law Commission as it consults on draft legislation to codify and reform the rules on formation of contracts under Scots law.

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  • 09.Aug.2017 The Dana Gas challenge: What lies ahead for the sukuk market?

    Dana Gas has recently hit the headlines in the Islamic finance markets with its statement that it believes its own sukuk to not be Shariah-compliant, with proceedings underway in the High Court in London.  In this article, we consider the relevance of this challenge to the sukuk market as a whole and in particular the UK.

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  • 24.Jul.2017 HM Treasury publishes feedback on UK’s proposed implementation of PSD2

    The European Union’s second Payment Services Directive came into force on 13 January 2016 and Member States have until 13 January 2018 to transpose it into national law. In February of this year, the UK Government published the consultation paper ‘Implementation of the revised EU Payment Services Directive II’ to invite views on its approach towards implementing the Directive. Feedback from the Consultation was published on 19 July 2017.

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