Islamic Finance

by tahmidrahman1995@gmail.com | Sep 10, 2026

Corporate & FinancePractice area · 09

Islamic Finance

For finance structures in which the contractual path matters as much as the funding objective. We bring commercial arrangements into focus through the asset, contract sequence, governance and regulatory questions that shape execution.

Abstract architectural composition of interlocking stone, glass and metal forms.
Structure, sequence and substance.
FocusCorporate & Finance
FormatPractice
information
ApproachStart with
context

The starting point

The structure begins with the
real transaction

The commercial asset or activity, the intended sequence of contracts and the governance route should be considered together. That discipline helps expose the points where documentation, operational evidence and regulatory treatment need to align.

01

Start with the asset and cash-flow path

Sale, lease, construction, forward-sale, agency and partnership mechanics serve different commercial facts. The starting point is the asset, activity or service that gives the arrangement substance.

The appropriate structure depends on the transaction and applicable requirements.

02

Make the sequence visible in the documents

Title, delivery, use, agency authority, profit allocation and transfer provisions need to work as a coherent sequence, from signing through the life of the arrangement.

Documentation should be considered alongside the agreed governance process and specialist Shariah input where required.

03

Map the onshore and cross-border interface early

Foreign investment, external borrowing, payment, security and governing-law questions can introduce distinct Bangladesh implementation issues when an offshore party is involved.

Permissions, reporting, account arrangements and remittance mechanics are fact-specific and subject to current requirements.

Selected experience

Experience, held
in the details.

A focused illustration of work in Islamic finance.

Sovereign sukuk issuance

Advising on a US$1.5 billion sovereign sukuk issuance, establishing innovative structures for global investors.

A focused conversation

Where the work
takes shape

Islamic finance documentation is most effective when commercial intent, the paper trail and the governance framework are designed to operate together. Our focus is the legal and documentary architecture around that task.

01 · Practice scope

Structure selection and transaction mapping

Assessing how the commercial objective may be reflected through sale, lease, construction, forward-purchase, agency or partnership mechanics, with attention to parties, sequencing, conditions and risk allocation.
02 · Practice scope

Shariah-sensitive financing documentation

Preparing or reviewing the commercial documents that give effect to an agreed structure, including sale, purchase, lease, construction, agency, service, partnership, security and transfer arrangements.
03 · Practice scope

Asset and performance evidence

Identifying the asset schedules, purchase and delivery records, acceptance evidence, lease or service records, registers and closing materials that support the intended transaction sequence.
04 · Practice scope

Governance and review interface

Translating agreed roles, approvals, information rights, review cycles, change control and recordkeeping into workable transaction mechanics, alongside the relevant Shariah governance process.
05 · Practice scope

Bangladesh Investment Sukuk documentation

Organising the legal-document workstream for a proposed Bangladesh Investment Sukuk around the trust-SPV, party appointments, disclosure, trustee mechanics and Shariah review interface contemplated by the applicable framework.
06 · Practice scope

Cross-border and foreign-exchange interface

Identifying where Bangladesh agreements, security, payment or account arrangements need coordinated review with offshore finance documents, foreign-investment or external-borrowing considerations.
07 · Practice scope

Live-structure amendments and incidents

Considering how asset substitutions, amendments, payment stress or operational deviations engage consent thresholds, notice mechanics, governance information flows and documentary updates.

Bangladesh context

A Bangladesh-facing framework

Islamic finance in Bangladesh operates within the wider legal and regulatory framework. The applicable route will turn on the structure, the parties and the current rules; for cross-border arrangements, the local and offshore documents must be read together rather than in isolation.

Bangladesh context

Contract families follow commercial substance

Bangladesh Bank’s Islamic banking guidance identifies modes including Murabaha, Mudaraba, Musharaka, Salam, Istisna and Ijara. The form of the arrangement should follow the underlying asset, activity and agreed mechanics.
Bangladesh context

Investment Sukuk has a distinct architecture

A Bangladesh Investment Sukuk engages a specific trust-SPV, governance and disclosure framework, including a draft trust deed and Shariah Supervisory Board under the relevant rules.
Bangladesh context

Cross-border execution needs coordination

Foreign investment, borrowing abroad, securities operations and loans or guarantees may each raise separate foreign-exchange questions. The relevant route depends on the transaction facts and current instructions.

Questions, not prescriptions

What may
matter.

These answers are general information. The applicable route depends on the facts, documents and current legal position.

How is Islamic finance different from a conventional loan for documentation purposes?
Islamic finance documents are generally built around the agreed commercial arrangement, such as a sale, lease, construction, agency or partnership, rather than simply treating the transaction as money lent for interest. The structure and contract sequence need to correspond with the asset, activity, payment mechanics and applicable requirements.
Does a Bangladesh Investment Sukuk require a special-purpose vehicle and Shariah oversight?
Under the Bangladesh Investment Sukuk Rules, an Investment Sukuk is constituted through a trust-form special-purpose vehicle, and the draft trust deed is subject to BSEC approval before registration. The rules also provide for a Shariah Supervisory Board and its role in authenticating the draft structure and relevant legal deeds. The route will depend on the proposed transaction and the rules that apply.
Can a Bangladesh business use an Islamic finance structure with an offshore investor or finance party?
Potentially. The Bangladesh legal, foreign-exchange, payment, security and governing-law interfaces should be assessed early. Whether approvals, reporting, account arrangements or additional local-law documents are required is fact-specific and should be considered against the current requirements before commitments are made.

Begin with context

Begin with the structure

Share a high-level outline of the proposed arrangement and the question that needs to move next. Please do not send confidential material through an ordinary web form or unencrypted email.