Wragge Lawrence Graham & Co

UK 200 2013 position: 25

French law techniques serving Islamic finance

By Danhoé Reddy-Girard

Islamic finance enables investors to develop and finance projects without infringing these prohibitions. There are various sharia-compliant techniques available to investors that can be implemented under French contract and corporate law, which we outline below. We also discuss how these techniques fare against French banking monopoly rules.

French contract law can be used to implement a ‘murahaba’ transaction, a sale that transfers ownership of an asset immediately but with deferred payment.

Both the classic and the ‘tawarruq’ types of ‘murahaba’ can be implemented in France, each being covered by a tax instruction purporting to make it as tax neutral as possible…

Click on the link below to read the rest of the Wragge Lawrence Graham & Co briefing.

Briefings from Wragge Lawrence Graham & Co

View more briefings from Wragge Lawrence Graham & Co

Analysis from The Lawyer

  • Paul Wilson

    Regional: attempted merger

    Alliances, failed and successful, are the story of the year outside London

  • Belinda Bradberry

    Interior designs

    Polish up your retention policy - private practice lawyers are increasingly eyeing in-house roles

View more analysis from The Lawyer


55 Colmore Row
B3 2AS

Turnover (£m): 120.50
No. of Lawyers: 458