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Islamic Financial Services
Stikeman Elliott has a leading Canadian involvement in the emerging area of advising domestic and international financial institutions and financial services providers on the development and regulation of Islamic law-compliant products and structures within the Canadian financial services, securities and tax regimes. Leading experts from our Banking, Corporate Finance, Insurance, Project Finance, Real Estate, Structured Finance and Financial Products and Tax groups work together to advise our clients in this developing field.

Examples of recent work include: 

  • Advising a proposed Canadian non-regulated mortgage lender on a possible retail mortgage product and platform
  • Advising a Canadian mutual fund on possible restructuring to comply with Islamic law
  • Advising a major global investment bank on Canadian tax aspects of a proposed asset-backed financing
  • Advising on commecial real estate acquisition financings

Recent Group Activities

Partner writes article on Islamic Financial Services
Stuart Carruthers authored the article "Islamic Financial Services in Canada: Recent Developments and Long-Term Prospects" in the May edition of Islamic Finance News.

Islamic Finance expertise profiled
Stuart Carruthers' paper on the Canadian relevance of U.K. challenges in regulating Islamic finance has been profiled on The Islamic Finance Blog.

Recent articles on Islamic Finance
Stikeman Elliott published  recent articles entitled "U.K. paper on regulation and challenges of Islamic finance has relevance for Canada" and "Islamic Financial Services: Overview and Prospects for the Canadian Marketplace" (published in Financial Services Update).

Partner speaks at conference
Stuart Carruthers spoke on Islamic financial services at the KPMG Insurance Industry Leadership Conference in Toronto on November 22, 2007.

Toronto partner quoted
Partner Stuart Carruthers was quoted in articles on Islamic financial services in The Globe and Mail on May 7, 2007 and September 24, 2007,  in The Lawyers Weekly on May 28, 2007, and extensively in Lexpert in October 2007.

 


 
Related Practices
Contacts
Key Contact

Toronto: Stuart Carruthers

Related Publications