New associate at Taylor Wessing boosts Islamic finance practice

Taylor Wessing has expanded its Islamic finance practice with new associate, Mustafa Hussain, joining the team.

Mustafa, who was formerly with Stephenson Harwood, brings with him a wealth of experience having acted for a number of large international banks operating in Islamic finance, including three leading UK high-street banks that were among the first to launch Islamic retail and commercial products in the UK.  He has also acted for financial institutions and high net worth trading families from and in the Middle East.

Mustafa specialises in documenting and advising on Shariah law compliant transactions which are commercially viable and which fulfil all conventional legal and market requirements. He also works closely with the international standard setting body, the Islamic Financial Services Board, on developing a regulatory and supervisory framework for the fast growing global Islamic finance industry, advising them on legal issues.

Taylor Wessing's head of Islamic finance, Hamid Yunis, commented:

"The Islamic finance market has substantially grown in the past few years, driven by a genuine response to investor needs.  We have seen an increase in demand from banks, financial institutions and other organisations for Islamic finance advice in the UK, in the Middle East and globally.  Mustafa's experience and visibility in this area, will further enhance our practice."

Lawyers Mustafa Hussain, Hamid Yunis