Westlaw Business provides transactional and legal guidance, along with industry news for business lawyers working on Shariah-compliant transactions. The service includes documents and precedents, as well as terms and conditions, on over 6,000 Shariah-compliant deals. Additionally it features standards from Islamic finance boards; coverage of industry events, news and expert guidance; discussions of recent developments in Islamic finance regions; and updates on relevant legislation and case law.

"The Islamic Finance Centre leverages the best assets from across Thomson Reuters, along with legal guidance from, and in close partnership with, Islamic finance standards boards. Our goal is to advance transparency and legal insight into this growing area of practice to better serve legal professionals on a global basis," said Kevin Ritchey, senior vice president, Westlaw Business.

Shariah-compliant products and financial instruments have become increasingly prominent in recent years, driven by growing wealth in the Middle East and among Muslims around the world. Islamic finance, which Thomson Reuters calls an “underserved and rapidly expanding market”, is estimated to represent $700 billion to $1 trillion in assets, and to be growing at a rate of 10 to 15 percent annually.