Islamic Finance Legal Services
Comprehensive Legal Support for Sharia-Compliant Financial Activities in Oman
Islamic Finance is a financial system rooted in the principles of Sharia (Islamic law), emphasizing ethical conduct, risk-sharing, asset-backed transactions, and investments in halal (permissible) sectors. Unlike conventional finance, Islamic finance prohibits interest (riba), speculative transactions (gharar), and investment in unethical industries.
The Sultanate of Oman has embraced Islamic finance as a core component of its financial sector, supported by the Central Bank of Oman and a robust regulatory framework that promotes Sharia- compliant banking, insurance (Takaful), and capital market instruments.
Core Principles of Islamic Finance
Income must be earned through legitimate trade or asset-based investment, not interest.
All parties in a financial transaction must share in profits and losses.
Each transaction must be linked to tangible assets or
services, not speculation.
Exclusion of industries such as gambling, alcohol, pork, and others deemed haram.Exclusion of industries such as gambling, alcohol, pork, and others deemed haram.
Full disclosure, mutual consent, and fairness in all
contractual terms.
Our Islamic Finance Legal Services
At Dr. Abdulla Al Abri Advocates and Legal Consultants, we provide end-to-end legal support tailored for institutions, investors, and individuals engaged in Islamic finance. Our services ensure that every financial arrangement complies with both Sharia principles and Omani legal requirements.
1. Structuring of Sharia-Compliant Contracts
- Drafting, vetting, and customizing Islamic finance agreements.
- Ensuring enforceability under Omani civil and commercial laws.
3. Legal Opinions & Fatwa Coordination
- Liaising with certified Sharia scholars and boards.
- Obtaining formal fatwas and embedding Sharia guidance in documents..
5. Dispute Resolution and Arbitration
- Representation in Sharia-compliant arbitration, mediation, and litigation.
- Expertise in resolving disputes related to Islamic financial contracts.
2. Sukuk Advisory and Documentation
- Legal structuring, issuance, and compliance of Sukuk offerings..
- Coordination with regulators and Sharia boards.
4. Regulatory Compliance & Licensing
- Guidance on Islamic Banking Regulations by the Central Bank of Oman.
- Assistance with applications, documentation, and regulatory correspondence.
6. Islamic Banking & Takaful (Insurance)
- Legal advice for the formation and operations of Islamic banks and Takaful entities.
- Review of customer agreements, operational manuals, and compliance programs.
Islamic Financial Instruments We Support
We assist clients in drafting, negotiating, and implementing a wide range of Islamic financial contracts, including:
- Murabaha: Cost-plus-profit sales, widely used in asset financing.
- Ijara: Leasing arrangements where ownership remains with the financier.
- Mudaraba: Profit-sharing between a capital provider and entrepreneur.
- Musharaka: Joint ventures with shared capital, risk, and return.
- Istisna: Progressive payment contracts for construction or manufacturing.
- Sukuk: Islamic bonds representing ownership in tangible assets or services.
Legal Grounds to Challenge or Nullify an Award
Arbitral awards are final and generally not appealable, but may be nullified on limited grounds such as:
- No valid arbitration agreement
- Lack of party capacity or due process violations
- Arbitrators exceeding authority
- Violation of public order
- Procedural irregularities
Challenges must be filed within 90 days of the award notification.
Why Choose Us?
- Specialized Knowledge: Deep understanding of Sharia principles and Omani legal systems.
- Integrated Solutions: Bridging religious compliance with legal enforceability.
- Proven Experience: Serving banks, financial institutions, investors, and commercial clients.
- Tailored Legal Strategies: Solutions that respect Islamic ethics while ensuring regulatory alignment.
Islamic finance offers sustainable and ethical alternatives to conventional banking. Our legal services help clients confidently navigate the complex intersection of Sharia, commerce, and national regulation. Contact us today to learn how we can support your Islamic finance ventures in Oman and across the Gulf.
With 20+ years of experience, we provide expert legal services across corporate, commercial, criminal, civil, and personal matters—offering strategic, culturally grounded advice aligned with global standards.
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Phone
+968 2455 3025
info@alabri-alc.com
Address
Building No. 110, Road No. 4501 Al Mawaleh South, Seeb Muscat, Sultanate of Oman
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