IslamicFinance.de

The 3rd annual thematic workshop coordinated by the Institute of Islamic Banking and Insurance (IIBI) and the International Shari’ah Research Academy for Islamic Finance (ISRA) occured on 12 December 2011. The workshop was sponsored by SNR Denton – an international legal practice and held at their London office. During the Eurozone summit on 10 December, as European nations tried to decide how to find a way out of the darkness created by unsustainable levels of debt financing, it was maybe particularly appropriate to revisit the foundational concepts of Islamic finance.

SNR Denton has announced that the firm advised Abu Dhabi Islamic Bank PJSC, Al Hilal Bank PJSC, Mubadala GE Capital PJSC, Al Khalij Commercial Bank, Al Khaliji France SA, Ajman Bank PJSC and First Gulf Bank PJSC on their successful participation in a Dh250 million Sharia-compliant facility.
The facility was made available to Emirates National Factory for Plastic Industries LLC, based in Sharjah.