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Golden Belt: a cautionary tale on virtual completions?
  • Taylor Wessing
  • United Kingdom
  • March 6 2018

In this case the arranger of a sukuk issue was held liable to purchasers of the sukuk certificates for failure to ensure the valid execution of

Islamic finance development at a slow pace while Italian economy recovers
  • Nctm Studio Legale
  • Italy
  • December 29 2017

After years of stagnation, if not recession, the Italian economy is now recovering. Indeed, Italy's GDP advanced 0.4 in the three months to June 2017

English High Court confirms that sharia non-compliance will not affect the enforceability of an English law agreement in an Islamic finance structure
  • Herbert Smith Freehills LLP
  • United Arab Emirates, United Kingdom
  • December 13 2017

The Financial List in the English High Court has considered the preliminary issue of the validity and enforceability of an agreement governed by

The Sukuk Handbook: A Guide to Structuring Sukuk
  • Latham & Watkins LLP
  • Saudi Arabia, United Arab Emirates
  • November 29 2017

The development of modern Shari’ah compliant financial products is relatively new, dating back to the early 1970s and the emergence of the first

The Islamic finance industry can breathe a sigh of relief, at least for the time being
  • DLA Piper
  • United Arab Emirates, United Kingdom
  • November 20 2017

On 17 November 2017, Mr Justice Leggatt handed down a judgment in the High Court of London that had been eagerly awaited by the global sukuk market

Highlights of the Malaysian Budget 2018
  • Baker McKenzie
  • Malaysia
  • November 2 2017

On 27 October 2017, the Prime Minister and Minister of Finance, YAB Dato’ Sri Mohd Najib Tun Haji Abdul Razak unveiled the Malaysian Budget for the

Italy: A step back toward the development of Islamic finance?
  • Nctm Studio Legale
  • Italy
  • September 27 2017

The last months before the summer break appeared to be particularly promising for the development of Islamic finance in Italy. In early March, a law

Dana Gas: A load of hot air?
  • CMS Cameron McKenna Nabarro Olswang LLP
  • United Arab Emirates, United Kingdom
  • September 19 2017

The highly-charged Dana Gas case has set the scene for a free-flowing debate between the courts of London and Sharjah, bringing into question the

The Dana Gas challenge: What lies ahead for the sukuk market?
  • Shepherd and Wedderburn LLP
  • United Kingdom
  • August 9 2017

Dana Gas has recently hit the headlines in the Islamic finance markets with its statement that it believes its own sukuk to not be Shariah-compliant

Dana Gas Sukuk: A red herring or cause for concern?
  • White & Case LLP
  • United Arab Emirates
  • August 8 2017

The recent move by Dana Gas PJSC ("Dana Gas") to declare its approximately US$700 million of outstanding trust certificates unlawful and, accordingly