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Islamic Banking

Islamic banking is based on Islamic principles that prohibit the imposition of interest (Usury) on loans and stipulate that the returns on money employed by borrowers be based on profits derived from the commercial risks borne by the lender. Therefore, the financial institution is based on the financial success of the client instead of receiving the calculated flow of funds according to market rates and according to Islamic law, financing related to investments and projects can be provided only in a manner that does not contradict Islamic principles. Therefore, Islamic finance is not included for projects related to alcohol, gambling houses, pork and its products.

The group has dealt with many Islamic finance projects of different nature in addition to providing advice to clients about Islamic finance in general and murabaha is considered one of the common methods used for Islamic commercial finance arrangements and according to this method the financial institution purchases the commodity in question from the resources and then resells it to the same customer for a price. Its price exceeds its original price. The other method used in this field is Mudarabah, which is based on the principle that whoever has more has the necessary skill to employ it productively. Accordingly, “Mudarabah” is considered one of the foundations adopted by some Islamic financing funds. Based on its professional investment skills, it is invested in appropriate projects. A percentage of the profits are transferred to investing clients on time, while the bank imposes fees for managing investment funds.

With the increasing complexity of Islamic financial transactions and transactions in various fields, including sukuk (Islamic bonds) and guarantor (Islamic insurance), our lawyers followed these developments and became one of the best experts in this field. Our clients look forward to our abundant knowledge, full knowledge of Islamic law, and practical capabilities to solve pending cases and complete deals according to their interests.