Sharia-compliant derivatives and structured finance products seminar
1 December 2008
On Friday 28th November 2008 the Derivatives and Structured Finance and Funds Groups held the second Islamic Finance seminar of the year. The event drew in 119 attendees, including industry leading representatives such as Deutsche Bank, HSBC, Barclays Capital and Merrill Lynch.
This impressive turnout further indicates the growing importance and increase in work in Sharia-compliant structures in London, the Middle East and the Far East. With five Allen & Overy Partners and Senior Associates (Richard Tredgett , Andrew Sulston, Priya Uberoi, Nick Williams and Ian Carnochan) representing Derivatives, Funds and Taxation, the group spoke on a broad range of topics, including: new innovative structures that use traditional Islamic products like the Murabaha, Wa’ad, Salam and Arbun to generate similar economic profiles to conventional derivatives but in a Sharia-compliant manner, the establishment of Sharia-compliant funds and hedge funds and an update on the ISDA / IIFM initiative to produce a Sharia-compliant Master Agreement.
For more information, please see the article Understanding Islamic Finance or our Global Islamic Finance Group web page.
A webcast of this seminar will be made available shortly.