Commentary in UK-based Legal Week addresses the cynics in the legal community working on Islamic finance with a message:
"One partner says: “There are a number of clients out there who still believe that all these deals are about is changing the word ‘interest’ to something else in loan documents. But Islamic finance works on the basis of risk-sharing, with the issuer and the bank agreeing to share the risk of an investment on agreed terms and divide profits between them."and a warning
"And with the avalanche of petrocurrency still pouring into the sector and clear signs that sukuk trading is rapidly going mainstream, there are compelling reasons for advisers to commit to the sector. But lawyers, especially those joining the sector late, should remember that there is no such thing as a sure bet."
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