Corporate
Islamic Finance
At Lee Hishammuddin Allen & Gledhill we offer our clients an approach to Islamic Finance which is integrated with our reputable experience in banking, finance and, capital and equity market. Our seasoned team of corporate and commercial lawyers works closely with in-house counsel and Shariah advisers to deliver intricate and practical solutions to the most complex of Shariah issues. This ensures that your Islamic Finance documentation will not only comply with Shariah principles but also meet legal standards for enforcement in specific or cross border transactions.
Our services
We advise local and international clients on issues pertaining to the legal and regulatory framework, as well as matters relating to applicable Shariah standards, for Islamic financial or investment transactions in Malaysia and abroad. These include structuring and documentation of Islamic financing facilities and investment structures based on Shariah principles such as:
- Murabahah (cost plus sale);
- Commodity Murabahah/Tawarruq (three-party sale and purchase transaction);
- Ijarah and Ijarah Muntahiyah Bit-Tamlik (Islamic lease and hire purchase);
- Bai' Istisna' (construction contracts);
- Bai' Salam (advance sale);
- Qard Hasan (benevolent/interest-free loan);
- Bai' Bithaman Ajil (or BBA, sale with deferred payment);
- Bai' ‘Inah (sale and buyback transaction);
- Musharakah (profit and loss sharing structure); and
- Mudarabah (profit sharing structure).
We advise clients on the legal application and implications of the above-mentioned Shariah based principles to the structure and legal documentation for various Shariah-compliant financial and investment transactions, which include the following:
- Islamic corporate/project financing
- Islamic capital market transactions - Sukuk
- Islamic deposit/structured/treasury products
- Islamic financial product/precedent development – wholesale and retail products
- Islamic investment funds – private equity as well as mutual funds/unit trust funds
-
Takaful (Islamic insurance) structures/funds
Our Reputation
Tier 1 ranking, Asia Pacific Legal 500 2009-2010
“Lee Hishammuddin Allen & Gledhill offers "very hands-on and experienced lawyers'. The team handled some varied work this year, including working on the establishment of a Syariah compliant fund, and on a joint venture with an Islamic investment company. Highlights include acting for Akarmas on the financial structure for a voluntary general offer for all shares in PK Resources.”
Tier 1 ranking, Asia Pacific Legal 500 2008-2009
“Lee Hishammuddin Allen & Gledhill’s Islamic finance practice is increasingly adroit, and fields some very skilled practitioners. It stands out from its peers for its particular expertise in Islamic finance litigation, having over the past year defended a development bank on a RM1.5b Islamic financing facilities claim. Other highlights include advising on the first junior sukuk issue in the world.”
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