Islamic Finance

London has emerged as a global centre for Islamic finance. As a result, there has been a huge growth in demand for Islamic finance products by those who wish to use Sharia compliant funding to assist them in their residential property purchases or re-financing. Kingfields’ team of experienced property lawyers can provide the expert advice clients need when they are about to utilise such finance.

Our team has extensive experience in using Ijarah, Murabaha and Commodity Murabaha structures. We have excellent working relationships with the legal advisers to a number of the principal banks offering Islamic finance products in the UK and those relationships facilitate the efficient and timely completion of transactions. We know what the relevant bank will require and so we can be pro-active rather than reactive in ensuring that the bank’s pre- conditions are satisfied promptly and with our clients’ best interests in mind.

Various members of our team have advised clients on a range of Sharia compliant transactions. For example:

  • Acting for the owners of a central London residential property to assist in their re- financing by way of a Commodity Murabaha to the value of £15 million.

  • Acting for the purchasers of a number of apartments in a high profile Knightsbridge development using an Ijarah structure to the value of £25 million.
  • Advising various purchasers of apartments in a new residential development in central London using Ijarah structures.
  • Acting for various property owners in connection with the repayment of Ijarah structures and completing the transfer of the relevant properties from the lending bank back to the borrower.
  • Acting for three companies in the re-financing and cross-collateralisation of three apartments in central London using an Ijarah structure to replace a conventional mortgage facility.

For more information, please contact:

Anita Smart

FCILEx, Consultant Chartered

Legal Executive

asmart@kingfields.co.uk  

Tel. +44(0)207 042 5872

Nessie Orosco-Yousaf

ACILEx, Consultant Associate

Legal Executive

norosco- yousaf@kingfields.co.uk

Tel. +44 (0)207 042 5870

 

* Email address is monitored 24/7 and we will respond to you the same day or the next working day. How can we help you? Please call us on +44 (0) 0345 459 0007 to arrange a mutually convenient time to discuss how we can assist you. Alternatively, Email us on mail@kingfields.co.uk* or click here to complete our Free Online Enquiry Form. We will have a chat about your needs, you can ask us any questions you have and we will be happy to have a No Cost or Obligation initial chat with you which we are sure you will find useful. 

 

Property Investor from Fulham Reach, London

When we asked: Please add any comments which might help us to understand your ratings and/or improve our service. :

Client responded: “Sharan and her team have been very helpful throughout the process of me selling my flat. What made the difference for me was their kind, caring and approachable nature which made working with them a pleasure.”

5th September 2019

 

- Property Investor from Fulham Reach, London

More responsive and better organised

- Property Investor, Hong Kong

Thank you very much for all your help and assurance. It has been a pleasure dealing with you as my solicitor for my first home, and thank you also for making the process least stressful as possible

- First time buyer, London