Case Studies

Sharia-compliant-advice
  • Client:
    An Islamic bank
  • Sector:
    Banking & Financial Services
  • Area Of Law:
    Banking

Sharia compliant advice

We acted for an Islamic bank in connection with Sharia compliant Commodity Murabaha Facility of £44.2m to a company registered in Guernsey for the refinancing and redevelopment of the property and increasing the number of residential apartments at the property.

The transaction included our Banking, Property and Construction teams reviewing the deal structure, together with preparing security documents and the appropriate construction warranties to benefit the Bank.

"The dedication and commitment of Shakespeare Martineau
throughout the process helped to create, and preserve,
value for the shareholders."

Roger Crosse, Managing Director, POS Direct Ltd