Bank of London & The Middle East (BLME)
Learn more about how we worked with BLME.
BLME is an award winning, shariah-compliant bank which provides real estate wealth management solutions and commercial real estate finance.
BLME has been named as Best Fixed Rate Account Providers for four years running in the Moneyfacts Awards olds and holds industry accolades from World Finance Best Islamic Bank in the UK and Islamic Finance News’ Best Islamic Bank.
BLME’s mission is to provide personalised financial solutions tailored to its clients’ needs with its array of international bankers, products specialists, and leading experts on hand to answer any client questions.
Members of our Islamic finance team advised BLME in creating new terms and conditions for the launch of Nomo, the first international Islamic digital bank.
Nomo is a UK-based, shariah-complaint digital bank and part of BLME. Led by a team of innovators from across the globe who want to create a new digital future for Islamic digital banking, Nomo is designed for people with international lifestyles, enabling them to manage money easily through secure and smart technology.
This project was placed with our Islamic finance team owing to our long-standing relationship with BLME, which has been a key client of Foot Anstey for many years.
The solution and results
Partners, Imam Qazi and Anna Parker, as well as Senior Associate, Jos Style, provided specialist cross-border tax structuring advice relating to potentially complex issues caused by the death or incapacity of a customer residing overseas.
The team effectively collaborated with BLME’s other key legal advisors to provide a consistent and on-time product to support the launch of Nomo
What did we have to say?
Head of Islamic Finance | Real Estate | Banking and Finance
Head of UK Succession and Tax | Private Wealth | Corporate Tax
International Succession and Tax | Private Wealth | International