Islamic Finance
With the growth of the economies in places like the Middle East, the market for Islamic finance has also been rapidly growing over recent years with increasing opportunities for both domestic and international clients to participate. Today, more than 300 Islamic financial institutions worldwide have between $750 billion and $1 trillion in assets operating in more than 75 countries, providing a Shari'ah-compliant alternative to Western finance for Muslims and non-Muslims alike.
Bennett Jones can assist domestic and international clients with all manner of Islamic finance and investment options in Canada and elsewhere. As a complement to our Western corporate banking, investment, tax, infrastructure and financing practice, our Islamic finance practice supports banks and investors with murabaha (cost-plus financing), mudaraba (profit sharing), musharaka (partnership financing), ijara (leasing) and istisna'a (commissioned manufacture) transactions and the sukuks (international Islamic bond) market. Our awareness extends to understanding how Islamic finance contracts interact with Canadian law and Middle Eastern business practices. In addition, we assist clients with managing tax implications of proposed structures, limiting asset risk and potential liability, and maintaining the integrity of assets.
The size and depth of our firm provide us with an excellent background in complex affairs, positioning us to deal with all aspects of Islamic finance transactions.