Islamic Finance
The group is best known for providing local law advice, and has been advising on some pioneering Islamic finance structures, as well as prominent transactions in the UAE Legal500, 2011


Islamic finance is the fastest growing financial segment in the world, with an estimated annual growth of 15-20%. With demand for Shariah-compliant investments rising from an estimated 1.6 billion Muslims worldwide by 2010, it is projected that the Islamic financial system will soon manage approximately 5% of the world economy. While major Western financial institutions have been shrouded in doubt during the crisis of recent months, another financial sector is gaining new confidence: Islamic finance.

At Habib Al Mulla & Company we have the knowledge and experience to deal with all aspects of Islamic financial services, whether debt or equity financing, such as Istisna’ project financing, Ijarah Al-Muntahiyah Bit Tamlik, Musyarakah and Mudharabah, both for direct financing and private debt securities. Our capabilities are not limited to legal and advisory services but we also have significant expertise in the development of Islamic products and practices for numerous banks and financial organizations.

Sukuk, the Islamic version of bond has recorded a remarkable growth during the past 5 years as an increasingly preferred financing product for governments and banks. With an estimated annual growth rate of more than 20%, the total global market transaction for Sukuk is already reaching hundreds of billions of dollars. Given its robust growth rate and overwhelming market response the Sukuk market is constantly evolving. Habib Al Mulla & Company is at the very forefront of this evolution: we were the legal firm behind the structuring and advising of the first Sukuk issuance out of Jordan, underlining the firm’s overall cross border expertise in Islamic Finance.

We are also competent in the areas of venture capital and private equity funding structured on the basis of Musyarakah and Mudharabah.

 

Services

Our Islamic Finance expertise includes-

• Product development
• Islamic home financing
• Islamic consumer financing
• Direct islamic financing
• Syndicated Islamic financing
• Islamic debt papers
• Islamic asset management:  shariah-compliant avenues
• Legal issues and framework in structuring sukuks
• Muslim business wills
• Islamic unit trusts
• Risk management for Islamic financial planning & services