3 Tips For Navigating Sharia-Compliant Real Estate Deals

Law360, New York (November 21, 2013, 6:24 PM EST) -- As U.S. banks become more comfortable with the rules of Islamic finance, real estate attorneys are increasingly faced with the unique challenge of structuring deals to comply with those rules. Experts say those deals can best be navigated with patience and an awareness of several legal and financial pitfalls.

The specific challenges vary depending on the client and its level of adherence to sharia law, which sets strict requirements for handling financial transactions. When deals take place abroad, the country's own laws and cultural norms will...
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