ISLAMIC finance. We are the only law firm headquartered outside of London to be listed in the Legal 500 for Islamic finance.

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2 ISLAMIC finance We are the only law firm headquartered outside of London to be listed in the Legal 500 for Islamic finance. Nine members of our Islamic Finance team hold the IFQ and the lead Partner of our practice is a member of the Association of Muslim Lawyers, the Arab Bankers Association and the Islamic Finance Experts Group. Our team successfully closed over 1bn worth of financing and investment deals for Shariah compliant banks and Middle Eastern investors over the last two years. The Shariah compliant structures we have developed, implemented and advised on include: Ijarah Musharakah Murabaha Commodity Murabaha Muwa ama / Tabdeel Mezzanine Commodity Murabaha Sukuk Hybrid Conventional Debt Wakala Foot Anstey s Islamic Finance team forms part of a wider offering including expertise in real estate financing, asset backed lending, acquisition finance and private equity. Clients of our growing banking practice include investment banks, the UK clearing banks, debt funds, venture capitalists, international entrepreneurs and property investors. Many of our transactions contain some cross-border element, which is typically driven by a need for tax efficiency. We are comfortable working with offshore jurisdictions and have good working relationships with professionals in the main locations. Foot Anstey has continued to grow its Islamic Finance practice having risen up the rankings in the Legal 500 and Chambers directories since 2015, with several members of our team holding individual rankings, recognising their standing in the wider market. Our Islamic Finance team was shortlisted in the 2017 Legal 500 awards finance category. Our practice has also been recognised at the coveted Islamic Finance News awards placing highly in the Real Estate category on several occasions. We are regularly quoted in the IFN and are well regarded for our industry commentary. The Islamic Finance team at Foot Anstey is efficient, good value for money and a pleasure to work with Ahli United Bank (UK) PLC 1 F o o t A n s t e y

3 We provide a range of services and bespoke Islamic finance advice to a number of key players in the UK Islamic finance market and our team of Islamic finance specialists includes private equity, banking, real estate, corporate and financial services lawyers. Our team advise conventional and Shariah compliant financial institutions, investment advisory firms and Middle Eastern investors on high-value, complex transactions. Using this extensive expertise and experience we are able to provide support in a clear and efficient manner and are committed to delivering this on each and every engagement. Many of our lawyers are described as leaders in their field and we are recognised as active participants in the Islamic finance market, offering expert opinion and support and adding real value to our client's strategic and operational activities. OUR clients We provide a range of services and bespoke Islamic finance advice to a number of key players including: 2 F o o t A n s t e y

4 ISLAMIC FINANCE expertise We have considerable expertise in acting on behalf of Islamic banks on the financing of UK real estate investment and development projects REAL ESTATE FINANCE We have advised Islamic banks on developing a number of real estate financing products including commodity murabaha, ijarah and diminishing musharakah structures. Acting for an Islamic bank on the acquisition and development financing of prime London residential schemes including dealing with Shariah compliant currency hedging and profit rate swaps Advising on potentially listed sukuk over UK real estate Acting for banks on senior and mezzanine real estate finance on a range of commercial investment and development transactions using commodity murabaha structure Acting for an Islamic bank on the financing of healthcare facilities and hotels Developing mortgage products using ijarah and diminishing musharakah structures for high value residential properties Acting for ABC International Bank on the financing of various prime residential projects in London Worked with Gatehouse Bank plc to develop a product offering Islamic Finance on a volume scale Advising Ahli United Bank on their high value residential ijara home finance transactions REAL ESTATE INVESTMENT We have specific expertise in setting up Shariah compliant tax efficient investment structures for foreign investment into UK real estate. Acting for Middle Eastern investors on the investment acquisition of 10 care homes, structured as a Shariah compliant sale and leaseback with a leading care home operator Acting for Middle Eastern investors on the acquisition then sale of the Argos national distribution centre in Stafford Acting for Middle Eastern investors on the acquisition and Islamic financing of a number of investment properties including an industrial property in Lincoln let to Siemens and student villages in Bradford and Canterbury Advised Greenridge Investment Management on the structured financing on the acquisition numerous investment properties including the UK's main National Air Traffic Control Centre Foot Anstey has been our preferred legal advisor on a number of large real estate deals. We value Foot Anstey s bespoke advice and view their specialists as an integral part of our team and not simply third party professional advisors Dimah Capital 3 F o o t A n s t e y

5 ISLAMIC FINANCE expertise We have a dedicated team advising firms across the regulated financial services sector REGULATORY EXPERTISE The team has developed particular expertise on advising Islamic financial institutions on a range of regulatory issues. Developing wakala deposit products including advising on the FCA compliance aspects surrounding those deposits Advice on FCA Variation and Cancellation of Permissions Advice on product and customerfacing documents for various shariah compliant regulated products including wakala deposits, murabaha regulated mortgages and ijara regulated home purchase plans Advice on applicability of MiFID 2 to activities undertaken by Islamic banks WIDER ISLAMIC FINANCE EXPERTISE Members of our Islamic Finance team are experienced in all types of Islamic financial products covering a range of asset types, investment classes and industry sectors. Our specialists have worked on a number of deals for which leading industry journals have awarded the accolade of 'Deal of the Year'. Advising on the structural Shariah compliant investment into a development site in Canary Wharf with a gross development value of 332m Advising on several types of funds, including VC and real estate funds in London, from a Shariah perspective. This includes the private placement memorandum and other documentation for the establishment of the funds Providing English legal advice to NBK on a US$300m revolving Shariah compliant facility to six offshore funds Advising a Shariah compliant bank on project financing transactions relating to developments in the Middle East Advising a shariah compliant bank on several commodity murabaha transactions relating to real estate and working capital financings with customers and security in multiple jurisdictions Providing bespoke enforcement advice to Islamic Banks on Shariah Compliant products Enforced Shariah compliant residential mortgage products through the English courts We have worked on a number of projects with Foot Anstey and have consistently found them to be easy to work with and genuine experts in their field QIB UK Our specialists also have widespread experience of funds and sukuk (both in Europe and globally) and have advised on the establishment of Shariah compliant institutions across the UK, Middle East and Malaysia and have developed Islamic financial products in a number of those key jurisdictions. 4 F o o t A n s t e y

6 ABOUT Foot Anstey Foot Anstey is among the largest UK law firms based outside of London. We are ranked by national directories in all the main areas of our practice, with over half of our partners named as leaders in their field We offer full service legal solutions to our regional, national and international client base and have an enviable record of providing quality and a value for money service. Foot Anstey s success has attracted high profile recognition. We have moved into the UK Top 100 law firms; won Legal Week s Regional Law Firm of The Year; South West Business Insider s Property Law Firm of The Year and Legal Business lists us as one of the fastest growing law firms. This year, we have also received recognition for our culture and strategy. We have been listed as One to Watch for the Sunday Times Best 100 Companies to Work For and shortlisted for Best Strategic Leadership at the Managing Partner Forum Awards. Many of our lawyers are members of the Law Society s specialist panels. Imam Qazi, the head of our Islamic Finance business, is recognised as a leader in his field by Chambers and Partners and was most recently listed amongst the most innovative and inspirational lawyers in the legal industry by his appearance in The Lawyer 'Hot 100' 5 F o o t A n s t e y

7 Our Islamic Finance Team Excellent legal knowledge and concise, commercial advice [With] notable experience in Islamic Finance QIB UK 6 F o o t A n s t e y