Ogier in Jersey acted for Kuwait Finance House (KFH) on a number of KFH sponsored transactions

Ogier in Jersey acted for Kuwait Finance House (KFH) on a number of KFH sponsored  transactions using Jersey company structures to acquire c. £80m of commercial real estate in the UK. The debt financing for each acquisition has comprised both Shariah-compliant funding and conventional funding, with security over Jersey-situs assets. Common features of the properties acquired include UK household name anchor tenants and leases containing sound commercial covenants. KFH has variously instructed Ogier in a consultancy/advisory capacity on certain other Islamic finance projects. In these projects,  Shariah-compliant lending by KFH (or other Islamic financiers) has involved the structuring of Jersey law security, as primary security, over key (Jersey-situs) assets underpinning the negotiated security/financing package.