Islamic finance

Our Singapore Islamic finance team has worked on deals across the entire legal spectrum, advising clients on the Islamic elements of a broad range of transactions throughout Singapore and Asia Pacific. Working alongside our global Islamic finance team, we provide unrivalled advice on complex, cross-border deals throughout Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.

We act for a wide range of Islamic financial institutions and conventional banks, continuing to guide our clients through the process of achieving Shariah compliance. We also advise a number of prominent international corporations across our key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare.

We work closely with our colleagues throughout the Singapore office, drawing upon the multidisciplinary skill set of our full-service practice to provide a holistic service to our clients on: corporate, M&A and securities, banking and finance, insurance, shipping, aviation, and financial services.

Our areas of work include

  • credit facilities and real estate acquisitions involving Musharakah partnership arrangements
  • investment funds
  • Islamic capital markets
  • Islamic mortgage products
  • project finance through Istisna’a and Ijara Mawsufah fi al Dhimmah tranches
  • Shariah compliant transactions
  • Takaful insurance policies.

Our recent work

  • Advising Securus Data Property Fund (“Securus Fund”) on the acquisition of a data centre in Canary Wharf, London, structured through the 100 per cent share purchase of a Guernsey SPV and partly financed by Standard Chartered Bank by way of an Islamic financing (commodity Murabaha) facility.
  • Advising the Republic of Indonesia on the establishment of a US$3bn Sukuk issuance program and the initial issuance of US$1bn of Sukuk under the programme.
  • Advising Standard Chartered Bank, Fortis Bank SA/NV, Brunei Investment & Commercial Bank and Société Générale in connection with the US$505m Islamic lease financing of two newbuild LNG carriers for Brunei Gas Carriers.  This was the largest LNG vessel financing in South-east Asia and the largest Islamic shipping finance facility in Asia at the time, and won Ship Finance Debt Deal of the Year in Jane’s Transport Finance, Asia Deal of the Year Award in Marine Money and Brunei Deal of the Year in Islamic Finance News.