The other Principle is a Fundamental Belief in the Sharing of Profit and Risk in the Conduct of Business. The Customer and the Bank Share the Risk of any Investment on Agreed Terms, and Divide any Profits between Them with Fairness and Reciprocity.

The Islamic Framework is also based on certain Pivotal Institutions such as the Prohibition of Interest, the Spiritual-Material Mix of Success, the Private-Public Mix of Property/Ownership, Zakat, Waqf, etc.

And the General Rule of Permissibility of all Businesses, Contracts and Investments should only support Practices or Products that Match with the Rules of the Shari’ah.

The Shari'ah represents the Legal Framework of Islamic Religious Law within which the Public and Private Aspects of Life are Regulated. It is Based on Principles revealed from Islamic Sources that deal with many aspects of day-to-day life, including Politics, Economics, Business, Family, and Social Issues.

Islamic Finance has been one of the Fastest Growing Areas of Finance. Its Techniques and Products continue to Evolve. TOUMA CONSULTING Islamic Finance Practice is at the Forefront of Innovation.

TOUMA CONSULTING Group offers its Clients a Full Service Islamic Finance Practice.

The Islamic Finance Department was Incorporated with the Vision of Supporting the Development and Growth of Islamic Financial Industry in Europe, UK, North Africa and the Middle East.

Our Islamic Finance Lawyers frequently work with other Finance and Industry Specialists, and are amongst the Thought-Leaders in the Field Who are Regularly invited to speak at Industry Seminars and Events.

In addition, Legal Teams can be seamlessly pooled from across TOUMA CONSULTING Network of International Offices and our Local Law Specialists to achieve Globally Integrated Solutions on Transactions Involving a Package of Islamic and Conventional Financing.

We Help devise and deliver Financing Solutions that offer Investors the Opportunity to Invest in accordance with the Principles and Values of Islam.

Our Islamic Finance Practice, is Highly Experienced in all Islamic Finance Contracts including:

• Bai Salaam
• Ijara
• Istisna'a
• Mudaraba
• Murabaha
• Musharaka
• Islamic Capital Markets such as the raising of Finance through the Issuance of Sukuk (in which Investors subscribe for Certificates representing an Undivided Interest in an Underlying Asset).
• Our Expertise also Extends to Creating Shari'a Compliant Acquisition and Real Estate Financing Structures (in many Cases Merging Conventional and Shari'a Compliant Financing Techniques), Shari'a Compliant Funds as well as Takaful (a Form of Insurance).

TOUMA CONSULTING is in a Prime Position to meet Each New Challenge posed by the demand for Islamic Products to Service a Global Industry, with a Proven Track Record of Negotiating Workable Structures which Anticipate and meet our Clients' Needs in the most Timely and Cost-efficient manner.

We offer our Clients a Full range of Services from Preparing Standard Form Documentation of Murabaha and Mudaraba Arrangements to Structuring Ground-Breaking Solutions to Clients seeking a Real alternative to Conventional Financing Arrangements.

The Wide range of Clients who have Benefited from our Substantial Experience of working with many different Shari'a Committees include Islamic and International Banks, Corporates, Boutique Investment Houses and Funds, Central Banks, Regulators, and Government Agencies.

Our Aim is to Help both New Entrants and the Existing Players in the market to Overcome the Issues that the Providers of Shariah-Compliant Products are Facing.