Islamic Finance

We have experience in the negotiation and preparation of Islamic financing instruments under various Shariah principles on behalf of Islamic financial institutions, including:

• We acted for 2 domestic Islamic financial institutions in respect of the short term revolving credit-i of RM100 million and RM285 million respectively granted to a company in charge of managing and developing a major hydroelectric project.
• We acted for a local Islamic Bank in respect of a Bai’ Bithaman Ajil Financing Facility of up to RM2.2 billion granted to a wholly owned subsidiary of a Malaysian GLC.
• We acted as the Malaysian counsel and Singapore counsel for a Singapore company, as borrower in a secured leverage financing of up to S$189 million pursuant to the Commodity Murabaha principle for the acquisition of a Singapore healthcare and services entity, and its subsidiaries.
• We acted for a local Islamic financial institution in respect of various facilities including a letter of credit facility and a bank guarantee facility in the aggregate amount of RM83 million granted to a Malaysian interest to part finance the construction of a pulp and paper plant located in Pahang.