Farmida Bi

Chair, Europe, Middle East & Asia
Norton Rose Fulbright LLP

Farmida Bi

Farmida Bi


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Farmida Bi is the Chair of Norton Rose Fulbright LLP. She is a partner in our London office and has specialised in capital markets and Islamic finance transactions for over 20 years, advising on English and New York law. She is European Head of Islamic Finance at Norton Rose Fulbright.

Farmida acts for arrangers, dealers, issuers and trustees on a wide range of debt instruments, including project bonds, debt programmes, high-yield bonds, private placements and Islamic bond issuances. She has also advised a broad range of participants in the securitisation of a wide variety of assets in numerous jurisdictions, and in structured debt restructurings and workouts.

Farmida has acted on many high profile transactions, including for Lloyds Bank in a Supreme Court case confirming it had the right to redeem £3.3 billion of enhanced capital notes, issued at the height of the banking crisis; for the Government of Pakistan on its issuance of more than US$7 billion of bonds and sukuk in the past four years; for Goldman Sachs on its debut US$500million sukuk, the first by a US financial institution; and for the International Committee of the Red Cross on the world's first 'Humanitarian Impact Bond', an initiative that drew investment from the private sector to design, build and operate rehabilitation centres in Africa.

A recognised expert in the capital markets field, Farmida is named a 'leading individual' for debt capital markets in Legal 500 2017 and ranked in securitisation in Chambers 2017. Farmida is also ranked in Band 1 for Islamic finance in Chambers UK 2017 and named as a 'leading individual' for Islamic finance in the Legal 500 2017.

Farmida has collected many accolades for her work and has twice been awarded 'Best in Banking and Finance' at IFLR's European Women in Business Law Awards; named one of the five most powerful Muslim women in the UK at the inaugural Muslim Women Power List published by The Times; and named Commercial Lawyer of the Year by the Society of Asian Lawyers.

Farmida is a graduate of Downing College, Cambridge and qualified as a solicitor in 1992 and as a New York attorney in 1999.

Professional experience

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  • Attorney at Law, admitted in New York
  • Solicitor, qualified in England & Wales