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The Islamic finance industry is experiencing significant growth, with an increasing number of entrants, including new Islamic financial institutions and "Islamic windows" within conventional banks.

AIG announced on 19 October that it has written its first Sharia-compliant warranty and indemnity (W&I) policy out of London's M&A market.

In 2007, Dana Gas raised US$1 billion of financing (restructured in 2013) through the issue of Trust Certificates (Sukuk).

Jersey Finance has embarked on a ramped-up programme of activity in Asia this autumn, including launching an inaugural series of Roadshow events in key markets across the Far and Middle East.

Islamic finance is once again on the rise, with growth now being seen outside the traditional heartlands of the Middle East and South East Asia.

The UK government has announced significant reforms to the Consumer Credit Act 1974, scrapping the phase two consultation and moving forward with changes that will remove automatic unenforceability sanctions while shifting many prescriptive requirements from statute to FCA rules.

The UK has sought to put itself at the forefront of Islamic finance and made a loud statement of intent in 2014 with the issuance of its GBP200 million (US$312.4 million) Sukuk – the first to be issued by a European government.

Recent UK tax reforms aim to standardize tax treatment between sharia-compliant and conventional home financing. The changes prevent capital gains tax on sharia-based refinancing and remove ATED liabilities for sharia-compliant financiers, promoting tax consistency and market competitiveness.

Despite the impact of the Global Pandemic, the structured finance market enjoyed strong performance in 2021, with signs that 2022 will see more of the same, supported by wider economic growth.

Islamic finance is experiencing rapid global expansion, with assets approaching US$6tn and record sukuk issuance attracting non-traditional investors. The convergence of Shariah-compliant and sustainable investing is creating new opportunities, while AAOIFI Standard No. 62 and tokenisation developments are reshaping how Islamic finance structures are designed and implemented across international markets.

As the global recovery begins to take hold and confidence returns to financial markets, Islamic Finance has returned to prominence.

The environmental impact and social responsibility of a businesses is currently front and centre, increasingly becoming a key factor in the decisions of customers, employees, shareholders

Home Purchase Plans (HPPs) are an alternative to traditional mortgage products, often structured to comply with Sharia principles.

The draft implementing regulations of the Saudi finance laws are available for public comments.

The Sterling Risk-Free Reference Rates Working Group has published a working paper outlining why, in their view, overnight SONIA compounded in arrears is appropriate and likely to be operationally achievable ...