Shariah partnerships: Mudarabah and Musharakah compared

23 September, 2021
A mudarabah is an arrangement where two or more parties collaborate for a common commercial purpose, while maintaining distinct roles. A musharakah, however, is akin to a conventional partnership under which two or more parties contribute towards the capital of a joint underlying commercial venture in the expectation of profits. Read more

Green Sukuk – current issues and the way forward

24 May, 2021
With increasing awareness and concern about climate change and socially responsible financing, there is a continuing trend in the Islamic financing market for the issuances of green sukuk. Closely resembling green bonds, the emergence of the green sukuk is a natural evolution in Islamic financing. Read more

Herbert Smith Freehills advises Malaysia’s EPF on launch of world’s first and largest Shariah private equity SMA fund

17 March, 2021
Malaysia's EPF is the first institutional investor globally to establish a Shariah-compliant fund with the launch of its Shariah Private Equity Direct/Co-Investment Separate Managed Account fund which has an allocation of US$600 million. Our HSF team assisted in the launch of this world-first fund which will comprise of three SMAs with a global mandate focusing on direct and co-investment strategies into growth and buyout transactions. Read more

Bank Negara to finalise Climate Change and Principle-based Taxonomy

02 October, 2020
Bank Negara Malaysia has recently announced this month that it will soon be finalising a Climate Change and Principle-based Taxonomy which aims to provide a common language to categorise economic activities based on their impact on climate change and facilitate financial flows to activities that support the transition to a lower carbon economy. Read more