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Learn more about how we worked with Nester Holdings Ltd.
Nester is the online Peer2Peer (P2P) financing platform, was founded in 2018 and is based in London, helping users invest and discover new real estate investment opportunities.
Since its inception, Nester has made its mission to further financial inclusion by suppling investment products that are available to all through transparent communication, ensuring that risk and reward are explained in a way everyone understands.
Being founded by individuals who have decades worth of experience in financial law and real estate, Nester is able to set itself apart from other peer to peer investors through tailored financial products and a service based on Islamic Finance principles.
Members of our Islamic finance team advised Nester on what is widely reported to have been the first P2P Islamic Fintech deal in the UK worth £431,000, followed by a second deal worth £225,000.
Our Islamic finance team have supported Nester since its inception, with the relationship having gone from strength to strength.
Imam Qazi, Partner, and Leena Payyappilly, Associate advised on all legal aspects of both deals for Nester.
This included drafting the shariah-compliant contract documentation and security contracts, as well as acting on behalf of Nester’s stakeholders throughout the deal to completion to ensure a smooth transaction.
Nester is a pioneer in its field and what Youness Abidou and Mohammed Paracha are doing is unique. It was our pleasure to support the first fintech Islamic Peer2Peer deal in the UK. This type of deal signifies a growing appetite in the UK market for Islamic finance.
Imam and Leena have been integral to helping us take Nester from conception to launch, and now to continuing to deliver solutions with inclusivity as a shared core value
