“A major retail park has been sold to a group headed by a former star of TV’s Dragons’ Den in a £41.5 million deal – and will be subject to Islamic law restrictions. …
A Middle Eastern investor, represented by Dubai-based Arzan Wealth, was advised on the purchase of the retail park by 90 North, an independent advisory firm specialising in Sharia-compliant real estate investment.
Certain trades and activities are prohibited under Sharia law and these include gambling, the production or sale of alcohol and the production or sale of pork.
However, where any real estate includes a shopping centre with, for instance, an off-licence, the investment can be structured so that part of the income is ‘purified’ by being donated to an Islamic charity.”