Shariah Law

The increasing wealth and influence of many Islamic states within the setting of a modern, globalised economy has created a big demand for investment funds and other financial services vehicles qualified to hold and transact in the wealth of the Muslim community.

HOWARD LAW has developed a significant amount of experience on Shariah compliant transactions in the following areas:

• working which Shariah scholars and advisers to establish Jersey-based investment funds which are Shariah compliant.
• setting up Jersey-based limited partnerships which comply with the requirements for mudarabah contracts and which engage in murabarah trades.
• providing structuring advice for retakaful (re-insurance) schemes and the options for locating retakaful and re-insurance funding conduits and partnerships in Jersey.

Further information on Shariah compliant partnerships, insurance and retakaful can be downloaded from the Briefings section of this website or obtained by contacting HOWARD LAW using the contact details set out in this website.