ISLAMIC FINANCE

National Bank of Kuwait

The Islamic Finance team at Foot Anstey reviewed a series of shariah compliant Murabaha contracts to ensure that they were enforceable under English Law, then issued an opinion in respect of each one (6 in total).

The Murabaha contracts formed a US$300,000,000 revolving shariah compliant facility made available by the bank in Kuwait to six Cayman Island funds. This was a large transaction with strategic importance to the bank.