(1888PressRelease)
August 12, 2006 - New York, NY – Capitas Group LLC has retained Murtha Cullina LLP to develop its Zayan Finance suite of Shari’ah compliant finance products.
Murtha Cullina LLP is a US-based law firm with significant experience in developing cutting edge Shari’ah compliant finance products which comply with relevant regulatory requirements. With a dedicated Islamic Finance practice, the firm has extensive experience structuring Shari’ah compliant solutions for real estate purchases and refinances as well as project financing, equipment leases, investment funds and private equity transactions.
With 130 lawyers in five offices, Murtha Cullina LLP offers a broad array of legal services to multinational and domestic financial institutions across South Asia, the Arabian Gulf and the United States.
Nasser Nubani, General Counsel of Capitas Group, commented, “Our relationship with Murtha Cullina has enabled us to structure products which effectively meet market demand and regulatory guidelines for Islamic Finance in the United States. We look forward to Murtha Cullina working with our Shari’ah Supervisory Board to create a seamless product development and compliance process.”
Robert Giunta, Jr., Chair of Islamic Banking and Finance at Murtha Cullina said, “We are very pleased to be working with Capitas Group. The firm’s market experience and knowledge of the American Muslim community makes it a formidable force in Shari’ah compliant finance in the United States.”
Company Profile
Capitas Group LLC is a privately held, New York based firm which specializes in providing Islamic Finance products to the American Muslim community. The company will launch its Zayan Finance brand of finance solutions to provide Shari’ah compliant commercial financing in the Fall of 2006. The company also has offices in Chicago and Princeton.
