Share on Facebook Share on LinkedIn Share on Twitter Bookmark this page Email This Page Print This Page

Islamic Finance

Overview  Experience  Our People

Rahail Ali, Dubai
Rustum Shah, Dubai

Islamic finance is, above all else, ethically driven. It is also one of the world’s fastest growing financial sectors. The value of Islamic finance and investment is expected to reach US$2.5 trillion by 2017. Burgeoning consumer demand has been met by increased supply as the number of Islamic banks and financial institutions with Islamic finance divisions continues to rise.

Robust demand has led to new challenges for the Islamic finance industry, however, including legal and regulatory considerations. Hogan Lovells Islamic Finance practice has met those challenges through our deep appreciation of the standards that a Sharia-compliant financing or investment must achieve to attain its ethical status. Indeed, many eminent Sharia scholars commonly recommend us to financial institutions that approach them for advice. Many of our template documents are now market standard. We are also consistently rated as market leaders by respected legal directories, including Chambers Global.

Over the past four years, we have advised on more than 200 Islamic finance transactions with an aggregate deal value in excess of US$40bn.  Our team members are at the forefront of developments in the Islamic finance industry. We help set standards for the sector. We have also advised on numerous first-of-their-kind transactions, such as the first convertible sukuk, the first equity-linked sukuk, the first Sharia-compliant securitization, the first international sukuk al-mudaraba and sukuk al-musharaka, the first sukuk buy-back, and the first Multilateral Investment Guarantee Agency (MIGA) guaranteed Islamic project financing.

Hogan Lovells has one of the largest transactional practices of any leading law firm. Our Islamic finance team is based in the world’s major financial hubs providing clients with transactional support in Dubai, Frankfurt, Hong Kong, Jeddah, London, New York, Paris, Riyadh, Singapore, and Tokyo. 

Awards and Rankings
  • 'Africa Deal of the Year' Islamic Finance News Awards 2014
  • 'Deal of the Year' Asian MENA Counsel 2013
  • 'Middle East Deal of the Year'' The Banker 2012
  • 'Islamic Finance Law Firm of the Year Middle East' - Finance Monthly Magazine Law Awards for Achievement, 2010
  • 'Islamic Finance Deal of the Year' - ALB SE Asia Law Awards, 2010
  • 'Most innovative Islamic Bond Deal - EMEA Finance Awards, 2009
  • 'Top 10 Groundbreakers of 2009' - Islamic Finance Asia, 2009
  • 'Deal of the Year' and 'Deal of the month November 2009' - Asia-Counsel, 2009
  • 'Corporate Finance Deal of the Year' and 'Wakalah Deal of the Year' - Islamic Finance News Awards, 2009
  • 'Debt and Equity-linked Deal of the Year' - IFLR Middle East Awards, 2009
  • 'African Transport Deal of the Year' - Project Finance Magazine

Representative Clients
  • ABC Islamic Bank
  • Abu Dhabi Investment Council
  • Al Baraka
  • Barclays
  • Barwa
  • BNP Paribas
  • Crédit Agricole
  • Citigroup
  • Dubai Islamic Bank
  • Emirates Bank International
  • EmiratesNBD
  • First Leasing
  • Gulf International Bank
  • HSBC Amanah
  • International Finance Corporation (World Bank Group)
  • ICD (Islamic Development Bank Group)
  • InvestAD
  • Kuwait Energy Company
  • Liquidity House
  • Mashreq al Islami
  • Morgan Stanley
  • Noor Islamic Bank
  • Qatari Diar
  • QInvest
  • Samba
  • Shamil Bank of Bahrain
  • Sharjah Islamic Bank
  • Standard Chartered Bank
  • Tamweel
  • WestLB
"Formidable Islamic finance capability. Clients approach the firm for Shari'a compliance expertise and cutting-edge Islamic structures."
Chambers Global, 2014