Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 05-02-2015 | Practice Area: | Debt Capital Markets |
| Deal Title: | Murabaha and Wakala Facility for Ajman Bank | Industry: | Banks |
| Description: |
Dentons advised a consortium of banks led by Islamic bank Al Hilal Bank, based in Abu Dhabi, on a USD200 million Shariah-compliant syndicated facility. The financing was made available to Islamic bank Ajman Bank, to support its banking activities.
The dual tranche facility comprised Murabaha and Wakala structures for which the participants were regional Islamic banks, Al Hilal Bank, Emirates Islamic Bank, Sharjah Islamic Bank and Qatar Islamic Bank.
The Dentons team was led by Qasim Aslam working with associates Ahmed Choudhry and Atif Choudhary.
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| Financial Center: | Dubai | Value: | 100.01-500.00 |
| Advised Party: | Lead Manager | Law Firm | Dentons |
| Issuer Jurisdiction | UAE | Listing Jurisdiction | UAE |
| Classification: |
Islamic Finance Islamic Finance Bank Loans Murabaha Facility |
Lawyer | Qasim Aslam |
