The UKIFC has specialist capability in advising government agencies, regulatory bodies and financial institutions on creating enabling frameworks for Islamic finance.

The UKIFC has contributed significantly to the development of the UK Government’s Islamic finance framework over the past decade. The UKIFC offering includes: policy strategy, identifying and assisting with drafting necessary regulatory frameworks and capacity building. Through its work the UKIFC has developed a proprietary methodology and is particularly well adapted to working with international jurisdictions operating within a secular context.

The UKIFC has developed a strategic partnership with top 10 global law firm CMS to deliver a comprehensive Government advisory offering.

Developing Enabling Frameworks for Islamic Finance

A hallmark of the unique value proposition presented by the UKIFC and CMS partnership is the ability to offer a single, cohesive legal and advisory service tailored to supporting government agencies, regulatory bodies and nancial institutions to develop capacity and create enabling frameworks for Islamic nance.

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Reducing Poverty and Boosting Prosperity

Through working with policymakers, regulators and development agencies across the globe over several years we are acutely aware of the issues and challenges of financial inclusion. Our insights have allowed us to devise a proprietary methodology to develop, support and optimise enabling frameworks in non-interest / participatory finance that give consumers from relevant faith traditions an alternative to interest based products.

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Representative Activities

Advisory work to governmental institutions and NGOs (including fiscal and regulatory policy issues)

Contributing to technical consultations undertaken by national and supra-national bodies and authorities

Strategy advisory, product development and operational frameworks for financial institutions including Shariah governance frameworks and external Shariah auditing

Undertaking reporting/consultancy on specific commissioned projects in the arenas of Islamic microfinance, takaful and developing waqf solutions

The UKIFC has developed a strategic partnership with top 10 global law firm CMS to deliver a comprehensive Government Advisory offering.


Worked across multiple regulatory agencies in Nigeria in a systematic structured manner over a five year period through local NGO partner EFInA (Enhancing Financial Innovation & Access). Work included Islamic capacity building sessions for professional bankers, working groups, microfinance programs, developing scholars, identifying regulatory gaps, undertaking operating framework analysis for Shariah compliance, reviewing capital markets master plans and assisting in developing takaful regulatory guidelines.

Appointed by the Scottish Government to advise on the development of an Islamic Finance Strategy for Scotland, including encouragement of foreign direct investment and international trade, sukuk funding for infrastructure, Islamic funds industry and promoting Islamic retail banking

Appointed by Jersey Finance to develop methodologies to attract potential Islamic financial investors and specific Islamic products

Worked with FSDA and Kenyan Capital Markets Authority to undertake and Islamic finance market assessment and produce a road map for developing Islamic finance in Kenya

Developed a market leading waqf based asset allocation strategy for Europe’s largest Islamic charity

Reviewed Islamic mortgage structure for a development body in Afghanistan


“The UKIFC has provided superior services in ensuring the successful development of the non-interest (Islamic) finance industry in Nigeria. They have been a sound technical partner and without their expertise, support, and genuine commitment, we would not have achieved as much as we have done in this area. The UKIFC’s ability to work with a range of stakeholders, across jurisdictions, makes them an asset in the field of non-interest financial services.”

Modupe Ladipo, Former CEO,
Enhancing Financial Innovation & Access