Specialised
Islamic Banking and Finance
Advice on non-interest banking, sukuk, takaful and Shariah-compliant products, combining knowledge of Islamic commercial law with Nigerian financial regulation.
Overview
Non-interest finance is now part of Nigeria’s mainstream financial system, with licensed non-interest banks, sovereign and state sukuk and takaful operators. We help institutions and their clients structure products that satisfy both Shariah principles and Nigerian law.
We advise on the Central Bank of Nigeria’s framework for non-interest financial institutions, licensing and Shariah governance, and on contracts such as murabaha, ijara, musharaka, mudaraba and istisna’a. Our work includes reviewing product documentation, structuring sukuk and advising on takaful under the National Insurance Commission’s guidelines.
Our familiarity with Islamic law in Nigeria, including Islamic personal law and the Sharia courts, helps us draft documents that hold up both before Shariah advisers and in court, and advise on how disputes under these contracts are likely to be resolved.
What we do
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Islamic Financial Instruments
Advising on the structuring and documentation of various Shariah-compliant financial instruments, including Murabaha, Mudarabah, Ijarah, and Sukuk.
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Regulatory Compliance
Assisting financial institutions in complying with the regulatory frameworks governing Islamic banking and finance, including Central Bank of Nigeria guidelines and international standards.
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Islamic Banking Operations
Providing legal support for the establishment and operation of Islamic banks, including licensing, governance, and operational compliance.
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Shariah Advisory
Offering expert advice on Shariah compliance for financial transactions, products, and services, ensuring alignment with Islamic principles.
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Dispute Resolution
Representing clients in disputes related to Islamic banking and finance, leveraging our expertise in both conventional and Islamic legal principles to achieve favorable outcomes.