England - London • Finance

Foot Anstey

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With a deep bench of experts at partner and associate levels, spread primarily across its Bristol and Exeter offices, the 'very knowledgeable' team at Foot Anstey provides 'pragmatic and commercially realistic' advice to banks, investors and corporates seeking to utilise a variety of Islamic finance structures. Under the guidance of the vastly experienced Imam Qazi, the team's sweet-spot lies in structuring Shariah compliant transactions in the real estate sector, with the firm regularly picking up work for the majority of Islamic banks active in the UK on both new money and refinancing mandates in the space. Drawing upon a wealth of experience in both private practice, as well as during a stint as General Counsel at a privately owned shariah-compliant investment advisory firm, the 'commercial and approachable' Zahir Nayani  is also pivotal to the firm's success in the real estate sector, helping to grow and develop the firm's lender-side client base, as well as regularly handling work for investors as borrowers. As well as conventional banking advice, the firm has also successfully made in-roads into the burgeoning Islamic fintech arena, with Exeter-based head of retail financial services Alan Hughes well-placed to advise both Islamic banks and Islamic fintech start-ups on the relevant commercial and regulatory implications pursuant to new and often innovative products. 'Proactive and knowledgeable' senior associate Kate Heard  is also gaining traction with clients as a result of her aptitude at structuring a wide range of Islamic financing arrangements pursuant to real estate-driven banking and finance transactions and multi-tranche development transactions. All named practitioners are based in Bristol unless otherwise indicated.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The team provides an amazing service and is always available to answer queries or updates requested.'
  • 'The very knowledgeable team provides a pragmatic and commercially realistic approach.'
  • 'They are truly collaborative and are able to field Islamic finance experts at each level from partner through to associate.'
  • 'The go-to-team for Islamic Finance transactions in the UK.'
  • 'The team has acted on some of the most innovative Islamic Finance matters and are leaders in their field.'
  • 'Zahir Nayani has the very rare qualities of being technically outstanding whilst also being extremely commercial and approachable. Zahir is always calm under pressure and is a joy to deal with.'
  • 'Zahir Nayani and Kate Heard are both proactive and knowledgeable in their fields and go above and beyond to deliver an excellent service.'

Key clients

  • QNB
  • QIB (UK) plc
  • Bank of London and the Middle East
  • ABC International Bank plc
  • Black Sand Real Estate W.L.L
  • Ahli United Bank (UK) plc
  • Nester
  • Sidra Capital
  • Riyad Bank (London Branch)
  • Gulf Islamic Investments
  • Al Rayan Bank
  • Urbium Capital
  • Oryx Real Estate Partners LLP
  • 90 North Real Estate Partners

Work highlights

  • Advised Riyad Bank, London Branch on a £64.6m Islamic refinance of the HQ of an international law firm.
  • Advised Sidra Capital on the £74m acquisition of the Cannon HQ in Uxbridge with Islamic financing from the National Bank of Kuwait.
  • Supporting Nester on the expansion of their innovative Islamic peer to peer financing platform.

Lawyers

Rising stars

Kate Heard

Kate Heard

Foot Anstey

Kate is a senior associate in our Islamic finance practice and has experience in working on a wide variety of real estate-driven banking and finance transactions and multi-tranche development transactions encompassing a wide range of Islamic financing arrangements. She is named in the Legal 500 2023 as a Key Lawyer in Islamic finance in London and described by clients as ‘ very approachable, responsive and knowledgeable.’ Kate advises shariah compliant banks in single property and portfolio acquisitions and refinancing transactions involving commercial and residential assets, often with an offshore element. An example of Kate’s work includes advising Riyad Bank (London Branch) on their single largest real estate financing transaction to date: a £64m shariah-compatible facility used to refinance the UK HQ of an international law firm in Moorgate.

Leading individuals

Imam Qazi

Imam Qazi

Foot Anstey

Imam is a member of the real estate team and an Islamic finance specialist with considerable experience in dealing with a range of high-value and complex investment, finance and development transactions. An active participant in the Islamic Finance market for over 15 years, he has developed a broad Islamic Finance practice advising investors and financial institutions on a range of shariah compliant products and structures.

Next Generation Partners

Zahir Nayani

Zahir Nayani

Foot Anstey

Zahir is a partner in our Islamic finance practice and advises on a range of real estate driven transactions for both investors and financial institutions. He is named in the Legal 500 2023 as a Next Generation Partner in Islamic finance in London and described by clients as ‘an incredibly smart lawyer with a close eye on the commercial aspects of legal decision making’ and ‘very approachable, responsive and knowledgeable.’ Zahir joined the firm over a decade ago as one of the first fee earners in our then newly established Bristol office and, after a client-side stint as General Counsel at a privately-owned investment advisory firm in the West End, returned to Foot Anstey in 2019.  He aims to provide solutions-focused advice to clients, having been one himself. He is well-versed in structuring real estate investments and financings in line with our clients’ strategic aims, and seeing those through the full transaction lifecycle. He enjoys working collaboratively with stakeholders and transaction counterparties and aims to impart advice grounded in commerciality and pragmatism.

Practice head

The lawyer(s) leading their teams.

Imam Qazi

Other key lawyers

Zahir Nayani, Alan Hughes, Michael Evans, Karl Bradford, Lingxi Wang, Kate Heard, Laura Autiero