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Islamic finance

In recent years, and in response to the wide-spread adoption of Islamic financing, Ince & Co has increasingly been called upon to advise on Sharia'a compliant financing transactions for a range of assets (including ships and aircraft) and trade.

In the wake of the global credit crisis a growing number of banks and other financial institutions have been building their Islamic finance units and are actively marketing this as a viable alternative source of funding to both Muslims and non-Muslims. It is estimated that assets of the top 500 Islamic banks expanded 28.6 percent to total US$822 billion in 2009 and that Sharia'a-compliant assets currently total US$1 trillion worldwide after brisk growth over the last decade.

At Ince we have in-depth knowledge and experience of advising clients through a number of Islamic finance instruments, including Murabaha and Tawarruq Agreements, Ijara and Ijara-wa-iqtina, Istisna'a, Mudaraba and Musharaka arrangements as well as derivatives, in connection with trade and commodities financing along with asset acquisition. Recently the firm advised the first Islamic shipping fund to make an investment outside the Middle East through an Istisna'a and Ijarah mawsufah fi zimmah structure. They were the first shipping fund to use this structure.

The firm's client base includes financial institutions, conventional banks, corporations and private companies in a number of industries including aviation and shipping. 

“WE BELIEVE ISLAMIC FINANCE HAS BECOME A RECOGNISED AND A SPECIFIC SEGMENT OF FINANCE ON ITS OWN WITH BRIGHT GROWTH PROSPECTS.” 
“ISLAMIC FINANCE IS POISED TO MAKE FURTHER INROADS IN DEVELOPED WESTERN MARKETS WHILST SOUTHEAST ASIAN COUNTRIES WILL LIKELY FUEL THE ISLAMIC FINANCE ADVANCE IN ASIA….” ISLAMIC FINANCE OUTLOOK 2010 STANDARD & POOR’S

Get in touch with Peter Measures or Martin Brown of our Islamic finance team.

We would be delighted to meet you and learn more about your activities, the issues you face and your plans for the future.

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