Ijara Enforcement Judgments in Dubai

The Banking Litigation team at Al Tamimi continues to assist many of our clients with enforcement of finance documents before the UAE Courts. To date, we have obtained a number of successful judgments in relation to the enforcement of conventional and Islamic finance transactions for our clients.

In terms of Islamic finance, the Dubai Court of First Instance has recently issued the first few judgments in connection with Ijara finance transactions. The Ijara finance documents considered by the Court related to property finance provided by an Islamic financial institution. The properties in question were located in the newly created free hold designated areas in Dubai. The following is a brief analysis of the facts of one of the cases and the judgment rendered by the Court.