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Al-Markaz finalizes auditing contract forms transferring a famous Kuwaiti Bank into an Islamic Bank

When a Famous Kuwaiti Bank took the decision to become a dedicated Islamic finance institution Al-Markaz, whose practice specialties include Islamic banking, was retained by the bank to audit the whole range of its’ customer related transactional documents to ensure compliance with Sharia’a and Islamic legal principles.

These transactional documents included equity partnership agreements, Mudaraba contracts, leasing and lease purchase agreements, and all other agreements and contracts that the Islamic bank has with its clients.

Lawyers Involved:

Bishr Al Boukai – Senior Associate

Mohamed Ramadan – Senior Associate

Ahmed Al Sherif – Senior Associate