Islamic Finance Lawyers
We recognise the importance of the development of Islamic Finance and it is a key global focus for our business.
The Islamic Finance team advise on the establishment of private equity funds and investment funds, whether Sharia-compliant or conventional equity, alternative, REIT or other investment vehicles. The team also uses their in-depth insurance knowledge to provide advice on (re)takaful products.
We are well known in the MENA and GCC regions, Malaysia, Indonesia, Africa, London and beyond for our knowledge and depth of expertise in Islamic Finance.
Our team has significant experience advising on Islamic Financing transactions and provide advice on all aspects of the law including:
- Sukuk
- Murabaha
- Ijara
- Musharaka
- Salam
- Wakala
- Mudaraba
The long game: how Bermuda became the world’s life reinsurance capital
Ask a life insurer in New York, London or Tokyo where the liabilities behind their book ultimately sit and there is an increasingly good chance the answer is a 21-square-mile island in the North Atlantic.
Record H1’26 Cat Bond Issuance Driven by Rising Sponsor Comfort and Diversified Risk
With H1 2026 officially breaking the record for the most catastrophe bond deals to come to market and settle in the first six months of the year, a key trend driving this momentum is how comfortable sponsors have become with the mechanics of the overall cat bond space. This familiarity has ultimately encouraged a wave of new sponsors to enter the market, according to Brad Adderley, Managing Partner at law firm Appleby.
The Global sees us share updates and insights from across our network of international offices on the latest legislative news, trends or developments impacting the corporate sector.
CIMA Enforcement Action in Focus: Reminders and Recommendations
The Cayman Islands Monetary Authority (CIMA) has recently published a number of Enforcement Notices that provide helpful context for regulated entities, including Licensees and Registered Persons under the Securities Investment Business Act (Revised) (SIBA), seeking to understand and meet their ongoing regulatory obligations in the Cayman Islands. In early June 2026, CIMA exercised its enforcement powers under SIBA Section 17 to cancel the registrations of several SIBA Registered Persons on the basis that it had reasonable grounds to believe that such Registered Persons had failed to meet certain key regulatory obligations. The Appleby Team takes this opportunity to review the relevant findings and CIMA enforcement action; and to highlight certain key obligations that attach to regulated entities in the Cayman Islands.
Further to the introduction of the Tax Information Authority (International Tax Compliance) (Common Reporting Standard) (Amendment) Regulations, 2025 (the CRS Amendment Regulations or CRS 2.0), the Cayman Islands Department for International Tax Cooperation (DITC) has issued an Industry Advisory flagging certain key updates in respect of Common Reporting Standard (CRS) and Economic Substance (ES) reporting in the Cayman Islands. Cayman Financial Institutions will be required file 2025 CRS Returns and Declarations by 31 July 2026, ahead of the online DITC Portal’s closure to facilitate its transition to XML Schema v3.0. ES courtesy reminders (which have historically been sent by email to designated Responsible Persons in advance of annual ES reporting deadlines) will no longer be issued such that Relevant Entities will need to independently track such deadlines themselves. Updated Individual and Entity CRS Self-Certification forms, aligned with CRS 2.0, are now available online via the DITC website.
Briefing Note: CDD – Acceptance of Scanned PDFs of Wet Ink Certified Documents
The Guernsey Financial Services Commission (GFSC) has updated the Handbook on Countering Financial Crime (AML/CFT/CPF) (Handbook), introducing changes that affect how regulated businesses verify their clients’ identities and documents.
