All German companies will soon have to report on their ownership structures to the German Transparency Register as a new law has abolished simplifications that previously applied to the majority of companies.
With expertise in both traditional and Sharia compliant finance, we provide practical solutions to even the most complex Islamic finance requirements.
Demand for finance that complies with Sharia principles continues to grow and we have seen the rise in popularity for these structures increase both from traditional Islamic lenders and from non-Islamic financial institutions offering these products.
Through our depth of Finance experience, particularly in our core sectors of Energy and Transport, we deliver successful Islamic financing solutions through our specialist team, which combines industry knowledge with an understanding of Sharia law and conventional and regulatory banking requirements.
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On 10 June 2021, the German Parliament (Bundestag) adopted the Act on the Implementation of the Digitalisation Directive (Gesetz zur Umsetzung der Digitalisierungsrichtlinie, DiRUG) of the European Union, setting the framework for the online formation and registration of branches of new businesses in Germany.
This article covers the issues arising from the discontinuation of LIBOR for Islamic finance transactions and considers some potential solutions that may benefit industry participants, particularly providers of Islamic finance.