Our clients, who are based across the MENA region all benefit from the use of our Bahraini fiduciary services, whether structuring acquisitions or Islamic investments, establishing investment funds or employee incentive plans or benefiting from our extensive range of private wealth management solutions. We have developed strong credentials across our core service lines to meet the needs of our expanding client base in the region.
We focus on the provision of administration services to structured finance transactions involving capital market instruments, which include Sukuk and Islamic banking transactions. We have developed extensive experience in assisting clients in structuring deals in the GCC region including liaison with regulatory and professional advisors. We act on behalf of both Islamic and non-Islamic banks and financial institutions with respect to the administration of complex structured financings. We work with the clients’ appointed tax and legal advisors to ensure that the complex structures are administered in accordance with the documentary requirements. We have undertaken transactions that include Murabaha financing, Istisna’a assets and Ijarah assets.
Performance & Reward Management
There is a growing need in the Middle East for employers to establish incentive plans for their employees and executives. Historically employers have established on-balance sheet saving schemes and phantom share plans.Due to regulatory changes in relation to bonus deferrals, pressure on funding of retirement income post employment and companies looking to international best practice there has been an increasing trend to establish incentive plans in the form of trusts, following a greater awareness of the benefits that trust based products offer.
Every country within the Middle East presents specific challenges, ranging from foreign ownership provisions and tax considerations to local company law requirements and issues relating to control following transfer of assets to a trust. Our attention to detail is second to none when managing employee incentive structures that take account of every consideration. Together with legal and tax advisors, we can help structure incentive-based arrangements that meet all jurisdictional and employer structuring requirements as well as meeting all tax, foreign ownership, accounting and legal requirements.
Wealth structures can be established for many reasons, be it succession, asset protection, tax efficiency, family governance or confidentiality. We have built up longstanding relationships with international families and have dealt first hand with issues relating to family governance and succession. We have an enviable network of contacts and a wealth of experience in relation to the full spectrum of assets in structures we administer, assisting families in planning for the future, both in relation to their business and their personal assets. We understand that relationships are key, and provide dedicated client teams to deliver a consistent, professional and discreet service tailored to the demands of the multi jurisdictional family.
Due to the flexibility when using tailored special purpose vehicles it is possible to ensure that Shariah-compliant investments can be structured with relative ease for example, Shariah-compliant trusts and Sukuk programmes.