Our firm’s integration with Islamic finance practice has enabled us to provide our clients with responsive, innovative advice and solutions across the full spectrum of Islamic finance products. Islamic finance is, above all else, ethically driven. It is also one of the world’s fastest growing financial sectors. Burgeoning consumer demand has been met by increased supply as the number of Islamic banks and financial institutions with Islamic finance divisions continues to rise. This rise has led to new challenges including legal and regulatory considerations.
Our Islamic Finance practice has met these challenges through our deep appreciation of the standards that a Sharia- compliant financing or investment must achieve to attain its ethical status. Indeed, many eminent Sharia scholars commonly recommend us to financial institutions that approach them for advice.
One of the key strengths of our Islamic finance practice is our ability to combine our technical knowledge of the Kenyan laws in conventional and Islamic finance transactions with our in-depth understanding of the principles of Sharia acquired through our deep knowledge on Sharia law.
The increasing range of Sharia compliant investment activity means that transactions in many different sectors potentially have an Islamic element. As such, our lawyers in this field work on real estate and infrastructure transactions, as well investment funds and the setting up of new Islamic financial products that don’t involve the charging of interest.
Ahmednasir Abdullahi Advocates LLP is indeed a force to be reckoned with when it comes to Islamic Finance.