Taylor Wessing's Islamic Finance team commended in FT Innovative Lawyers report

Taylor Wessing's Islamic Finance team has been commended in the Financial Services section of the 2010 FT Innovative Lawyers report for its development of a tax law to benefit Islamic finance. The team collaborated with Clifford Chance to lobby the UK government to ensure that the UK tax regime could operate as intended to keep London as the western centre of Islamic finance.

Tax Partner Peter Jackson and Corporate Partner Hamid Yunis led the Taylor Wessing team to resolve complicated tax issues surrounding a property financing transaction Sukuk al Ijara. Through 12 months of discussions and implementation of technical innovations in conjunction with the evolving UK tax law, the team successfully bought the transaction within the scope of a specific UK tax regime, which will make Sukuk al Ijara a tax efficient option for investors in the UK. 

Taylor Wessing also makes its debut in the FT Law 50. 

For more information visit www.ft.com/innovativelawyers

Lawyers Peter Jackson, Hamid Yunis

Notes to editors

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