At the IREF Summit gala dinner on 30 November 2011, Volaw’s Director of Islamic Finance and Funds Group, Trevor Norman, collected the Islamic Real Estate Administrator / Trustee of the Year award.

Earlier in the day Mr Norman had chaired a session at the Summit dealing with Emerging Trends and Opportunities in Central and Eastern Europe where four speakers from leading international organisations were asked to discuss opportunities and pitfalls for Islamic finance institutions planning to invest in those regions. At the last minute, he was asked to present the awards at the gala dinner, and then was faced with the dilemma of presenting an award to himself. Fortunately, Nasr-Eldin Ayoub-Bey, a Director of ICG Events, the organizers of the Summit, came to the rescue to present the award; which gave Mr Norman the opportunity to thank him and his team at ICG for a very interesting and well attended Summit.

Volaw has been leading the way in the administration of Shari’a-compliant real estate funds and SPVs for more than 15 years, having been involved in the creation and management of many innovative structures for Muslim clients.

During 2011, Volaw has been involved in several successful Shari'a-compliant real estate structures, including: London Central Apartments Limited (regulated by the Jersey Financial Services Commission as a Listed Fund) which will invest in prime residential properties in central London; and several acquisitions of UK commercial real estate using Jersey companies established as private 'Club' structures financed in a Shari'a-compliant manner.

Trevor Norman commented: “This award is a testament to the strength of Volaw’s Islamic Finance team and it's wonderful to see the work of my team and colleagues recognised in this way. I may be the face of Islamic Finance at Volaw, but our reputation for excellence and expertise in Islamic Finance is founded on their hard work and diligence in looking after our clients. At the London Sukuk Summit in June 2010 we won the award for Best Islamic Administrator / Trustee for our work on Sukuk structures, and I am very proud that my team is being further recognised for our efforts.”

For further information on Volaw’s Islamic Finance services, please contact Trevor Norman (tnorman@volaw.com). –(Ends)– For all media enquiries please contact: Ed Le Gallais, The Refinery Public Relations Tel.: 01534 720200 Email: ed@getrefined.com