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Islamic Law Finance
GSC’s Islamic finance department can advise on a wide range of Sharia compliant products, including:
- Murabaha contracts (cost-plus financing)
- Musharaka (partnership agreements)
- Ijara (leasing arrangements)
- Wakala (agency contracts)
- Tawarruq (cash flow financing)
- Salam (advance payment sale)
- Sukuk (Sharia compliant bond)
- Takaful (insurance contract).
Our dedicated team can advise individuals, companies, banks and sponsors on all aspects of Islamic compliant financing.
Islamic finance products are available to Muslims and non-Muslims alike. In fact, many Islamic finance institutions report having more non-Muslim customers than Muslims. The increased popularity in Islamic finance institutions can be attributed to the following benefits of Islamic finance:
- Ethical banking – Islamic finance institutions cannot invest in harmful products or practices such as charging interest, gambling or the consumption of alcohol or tobacco.
- Encouraging financial justice – Islamic finance institutions share the risks and the rewards with their customers through profit and loss sharing which contributes to a more equitable distribution of income and wealth.
- Transparency – Islamic financial institutions are required to operate in a fair and transparent manner, which involves informing customers of the risks and costs associated with the products and services offered.
- Discouraging speculation – Islam prohibits speculation in transactions as this can lead to instability and misallocation of capital. Instead, Islamic finance institutions must focus on deployment of capital to the real economy, to help promote socio-economic justice.
If you would like to discuss Islamic finance products and the options available, please contact us. We look forward to helping you with your Islamic finance needs.
‘A small firm which punches well above its weight’ GSC Solicitors LLP undertook leasing transactions for several blue-chip corporate tenants, particularly in the media sector. It acted for a number of hotel owners regarding the acquisition and development of new hotels.
“We have found the service excellent, and it is for this reason we have continued to use GSC. The key strengths for us have been a commercial approach to deals that is often missing from solicitors, and a personal service based on a knowledge of us and our needs and long-term plans.”
“The main positive comparison we have noted from GSC is the personal touch and commercial acumen.”
“We have often used different legal firms for IP and other work in the past, but GSC’s commercial approach and professionalism, coupled with the excellent working relationship we have built up over a number of years makes it our preferred choice.”
“As a Financial Advisor I have been personally using and recommending GSC for over thirty years. I have referred clients of mine to them and only ever been thanked for the recommendation, which should convey the confidence I have in the individuals, and the firm.”
“Great result today. Just wanted to say thank you for your continued hard work in fighting our corner on this case. You have both been amazing. Michael incredible support and good ideas.”
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For every part of your life and business, talk to GSC
GSC Solicitors LLP
31-32 Ely Place, London EC1N 6TD
DX: 462 London/Chancery LN (View on map)
