Mohammed Saqub wins Islamic Banking and Finance Award
Our partner and Islamic Finance specialist, Mohammed Saqub, has been awarded the ‘Islamic Banking and Finance Award’ at the Al Khair Foundation Muslim Power 100 Awards 2018.
The Muslim 100 Power list recognises achievements within the international Muslim community and promotes those Muslim men and women who have made outstanding contributions to British society at a local, national and international level.
Mohammed said: “With Brexit continuing to dominate discussions about the future of trade, many businesses are retraining their focus from the nearby shores of the EU onto the Middle East. Organisations seeking to attract overseas investment have begun to realise that thinking outside the box and looking further afield could be a shrewd commercial decision.
“The demand for specialist advice around Islamic Finance transactions is growing rapidly and these awards recognise that. Conducting transactions and structuring deals with Middle Eastern businesses, banks and investment bodies requires a different approach, which UK organisations may not be used to. There are many unique requirements which must be navigated to ensure that transactions are Sharia-compliant.
“With economic uncertainty close to home, the Middle East is an exciting and valuable market to explore for UK businesses, which offers many opportunities for mutually-beneficial investment. We must ensure that the UK business community is structured in the best way to capitalise on this perhaps previously-overlooked market.”
Mohammed’s award follows a period of growth for the Islamic Finance market in the UK, with increasing activity in terms of both inward and outward investment, making the UK one of the leading countries in the West for Islamic Finance advice.