Deals & transactions

Our recent work includes:

  • Advising a European Central Bank on structuring a Shari’ah compliant central bank wakala deposit facility including a high quality Sukuk fund to serve as asset backing for the deposits.
  • Advising Duff & Phelps (liquidators) and Harneys (offshore legal counsel) on a major litigation in the Cayman Islands involving allegations of fraud between two major Saudi family conglomorates (AHAB v SAAD). Advice relates to Islamic finance transactions, Islamic law, Saudi law, Saudi business custom/culture and Arabic documents and financial statements.
  • Advising Twinza Oil Limited, an Australian upstream oil company on the issuance of a Shariah compliant convertible corporate debt instrument for a GCC investor based on the principles of convertible Sukuk al-Musharaka and Musahama.
  • Advising Akin Gump regarding the Shariah compliance of an oil Production Sharing Agreement between SOMA Oil & Gas and the Government of the Federal Republic of Somalia.
  • Advising SAH Global in relation to its pioneering chain of Proton Therapy cancer treatment projects in the Middle East and Europe with a total value of U$450m.
  • Advising the UK Financial Ombudsman Service on dealing with customer complaints relating to Islamic financial institutions and products.
  • Advising the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) in Bahrain on the review of its Shariah Standards in English and Arabic.
  • Advising Afuq Qatar Investment (Qatar Horizon – a private wealth fund owned by members of the Qatari royal family) on the acquisition of several high value race horses, equine breeding farms and stately homes in the UK and Ireland with a total value of £1/2 billion.
  • Advising Thomson Reuters on an on-line Islamic Finance legal information service platform, including drafting a suite of legal practice and drafting notes and example documentation for a wide range of Islamic financial products.
  • Advising AXA on the structuring and launch of a Shariah compliant travel insurance product in the GCC.
  • Advising a Luxembourg based fund on the launch of a Shariah compliant sustainable equity sub-fund.
  • Advising Salam Bounian Real Estate Company in Qatar on the issuance of a US$137m Sukuk to finance the construction of The Gate development in Doha.
  • Advising Dubai Islamic Bank on arranging a syndicated SAR3.15bn (US$840m) multi-facility project financing to the Saudi Binladin Group for the development of the womens’ campus of King Saud University in Riyadh, Saudi Arabia (winner of "Syndicated Deal of the Year" at the IFN Awards 2009 and “Best Social Development Deal in EMEA” at the EMEA Finance Achievement Awards 2009).
  • Advising J P Morgan on structuring a Structured Products Programme for the issuance of notes, warrants and certificates.
  • Advising First Gulf Bank on a mortgage payment protection product.
  • Advising International Bank of Qatar on investment and retail banking products.
  • Advising a leading Western bank and a leading Middle East bank on a joint fund platform.
  • Advising a UAE based bank as joint lead arranger on the syndicated financing of a cement plant in Sudan.
  • Advising a UK based Islamic Bank on the provision of a syndicated facility for the building of a sugar factory in Yemen.
  • Advising a UK based Bank on the provision of a US$30m facility to a quasi-sovereign entity in the UAE for the acquisition of a power plant.
  • Advising a UAE based corporate in the aviation sector on the restructuring of an AED318m default by a Kuwaiti real estate company via a leading Kuwaiti investment bank.