IslamicFinance.de

This report has been prepared to assist the International Development Law Organisation (IDLO) in
understanding the basic Islamic law (Shari'a law) principles governing the provision of Islamic
finance products and services, the processes typically involved in obtaining Shari'a approval for
Shari'a-compliant financing transactions and products and the relationship between Shari'a law and
secular law in certain jurisdictions. This report also summarises the results of our research into the
state of Islamic microfinance in certain Middle Eastern, South Asian and Southeast Asian countries.
The information included in this report is derived from a combination of our experience of advising
on Shari'a-compliant financing transactions and publicly available sources and materials. We have
not independently verified the information obtained from external sources that we used and make no
representations as to its accuracy or completeness. In addition, we did not undertake an exhaustive
search of all information or materials which are publicly available in relation to Islamic microfinance
and our research on the subject was based on the sources and materials which are listed in Section 11
(Sources).

This report has been prepared to assist IDLO in furthering its understanding of Islamic finance and
the state of Islamic microfinance in a select number of countries. It does not constitute (nor should it
be relied upon as) legal advice from Allen & Overy.1 Allen & Overy disclaims any duty of care or
liability to any person in connection with the contents of this report.

This report is for the information of IDLO only. IDLO have requested the permission of Allen &
Overy to publish this report on its website which has been given. Any person reading this report on
the IDLO website should note carefully the contents of the paragraphs set out above

Download:
http://www.idlo.int/MF/Documents/Publications/7E.PDF