Keystone Law advises Islamic property finance lender on a multi-million-pound fundraise

Keystone Law’s Structured Finance partner Prashanth Satyadeva and Islamic Finance partner Fara Mohammad have advised a fast-growing Islamic property finance lender on a multi-million-pound fundraise attracting equity minority investors in a Sharia-compliant format.

The fundraise was structured as a Wakala Sukuk coupled with an Equity Warrant which allows for a sculpted return profile and equity upside for investors.

Keystone advised on all aspects of the transaction including:

• establishment of a bespoke Sukuk and Warrant programme for access by private investors;
• listing of the Sukuk with a “recognised stock exchange”;
• advising on UK tax analysis in the context of “alternative finance arrangements”; and
• advising on UK financial services regulations relevant to the offering.

Prashanth Satyadeva said:

“It was brilliant to advise on this bespoke and innovative transaction. I look forward to seeing it continue to scale as a market leader in the Islamic property finance industry.”

Fara Mohammad commented:

“The Wakala Sukuk and equity‑warrant structure reflects the level of bespoke Sharia‑compliant solutions increasingly required in the Islamic finance market. We are pleased to support the various sophisticated approaches to Islamic capital raising.”