gunnercooke advises borrower on £25.125 million Sharia-compliant refinancing

July 15, 2026
Daniel Rubie

Partner

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gunnercooke has advised a private borrower on the successful refinancing of two UK properties through a £25.125 Million Commodity Murabaha Sharia-compliant finance facility.

gunnercooke advised on the UK legal aspects of the refinancing, with the lender being the Bank of London & The Middle East (BLME), represented by Foot Anstey LLP.

Real Estate Finance Partner Daniel Rubie advised the borrower throughout the transaction, helping to navigate the complexities of the Sharia-compliant financing structure and bring the matter to a successful completion.

The refinancing represents a significant transaction both in terms of value and the specialist nature of the financing. Commodity Murabaha facilities remain a niche area of the finance market, requiring a detailed understanding of both conventional real estate finance and Sharia-compliant structures.

Daniel Rubie, Commercial Real Estate Partner at gunnercooke, said: “We were delighted to support our client on this significant refinancing. Transactions involving Sharia-compliant finance require a collaborative approach and careful coordination between all parties. It was a pleasure to work alongside the client, their advisers and BLME to achieve a successful outcome, and we look forward to supporting the client on future matters.”

Want to learn more about Daniel Rubie and his work? Find out more HERE.

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