National law firm Foot Anstey, which has offices located in Bristol, Exeter, London, Plymouth, Southampton, Taunton and Truro, has advised London-based fintech start-up Nester Holdings on a Peer2Peer Islamic Finance fintech deal worth £431,000, followed recently by a second deal worth £225,000.
Imam Qazi, Partner, and Leena Payyappilly (both pictured), Associate, in Foot Anstey's Islamic Finance team advised on all legal aspects of the deal. This included drafting the Murabaha and legal security contracts, as well as acting on behalf of Nester's stakeholders throughout the deal to completion to ensure a smooth transaction.
Since its inception in 2018, Nester's mission has been to supply financial products that are available to all through transparent communication, which ensures risk and reward are explained in a way everyone understands. It supports investments and enables individuals to act as lenders to investors and earn a return on secured investments. Nester has strived to equip property developers, and those who wish to invest in property, with the empowerment, knowledge and clarity needed to make solid investments.
Imam Qazi, Partner at Foot Anstey, said:
"This type of deal signifies a growing appetite in the UK market for Islamic Finance."
Buckinghamshire tech company Halma has acquired transport safety firm MK Test Systems Limited. Headquartered in…
BRiCS Development has secured an £11.55 million finance facility with Paragon Bank’s Development Finance team…
IT services and solutions company Mintivo has appointed Alex Jukes as its new Managing Director…
Bartlett Tree Experts have announced its intention to build a new arboretum and research facility…
The creation of a first-of-its-kind imaging system at the University of Surrey could help the…
Open Sight, which provides support across Hampshire to those living with or at risk of…