Expertise

“Professional, well informed, presentable and knowledgeable of local industry regulations and best practices.” - Chambers Global

Islamic Finance

Contact Person(s)

Rahat Dar
Senior Associate

Representative Matters

Islamic Finance

Advised one of the lenders in the US$520 million Thuraya Satellite financing, involving both conventional and Islamic tranches (including a US$220 million Ijara Mawsufah fi al Dhimmah structure).

Advised the lenders on the AED 300 million dual tranche conventional and Islamic facilities to the Fujairah National Group (including a AED 100 million Musharaka Islamic facility).

Advised a syndicate of banks on the restructuring of AED 295 million dual-tranche facilities (Term Loan and Ijara) to three UAE companies.

Advised a UAE Bank in respect of conventional term loan facility and an Islamic facility to finance the construction and expansion of three hospitals in the Emirate of Abu Dhabi.

Advised a local bank in a syndicated loan transaction that is structured partly as a conventional facility and partly as an Islamic Murabaha facility for establishment and operation of fitness centers in multiple jurisdictions in the Middle East in which the security was perfected in five jurisdictions.

Advised an Islamic Bank on its exposure under Istisha finance agreements.

Conventional Finance

Acted for the borrower in a AED 2.5 billion refinancing of existing facilities and acquisition of shares in three companies. The financing was used to develop and upgrade a number of prominent hotels in the UAE.

Acted on behalf of the borrower, a subsidiary of a major airline, on a US$48 million refinancing of flight simulators through sale and leaseback structure.

Advised a syndicate of banks on a EUR 595 million facility. We acted as UAE counsel to the lenders involving multiple jurisdictions.

Acted on behalf of the borrower, a subsidiary of a major airline, on a US$48 million refinancing of flight simulators through sale and leaseback structure.

Advised a syndicate of five GCC banks on the restructuring of dual tranche, consisting of a term loan and a Murabaha facility, and on equity financing from a private equity firm based in Abu Dhabi.

Advised the lender on a US$50 million multi tranche asset finance facility to a prominent shipping company, to finance the construction and acquisition of four vessels.

Advised a syndicate of banks on AED 290 million dual-tranche facilities (Term Loan and Master Istisna’a / Master Ijara) to finance the building of a new hospital and medical university.

Advised a syndicate of banks on a US$75 million and AED 55 million dual-tranche facilities (Term Loan and Master Sukuk Murabaha) to finance the construction of a PTP plant in Belgium.