Norton Rose Fulbright advises Standard Chartered Bank, HSBC and SMBC on a syndicated murabaha financing to Qatar Islamic Bank

Global law firm Norton Rose Fulbright has advised a syndicate of participants and the mandated lead arrangers, bookrunners and global coordinators, being Standard Chartered Bank (SCB), HSBC Bank Middle East Ltd (HSBC) and SMBC Bank International (SMBC), on the closure of Qatar Islamic Bank’s (QIB) three-year dual-tranche term Murabaha Financing Facility.

SCB, HSBC and SMBC led on the syndication while QIB Wholesale Banking Group managed the process.

The transaction attracted significant interest from regional, Asian and international banks, with a total of 15 institutions participating in the syndication. This resulted in diversified coverage and led to the deal being upsized from USD$600 million to USD$1 billion, enabling QIB to widen its investor base.

Norton Rose Fulbright advised SCB, HSBC and SMBC throughout the transaction. The team was led by Dubai-based partner Aditi Sanyal who was supported by senior associate Jennifer Hanna and associate Madison Colangelo.

Aditi Sanyal commented:

“This successful syndication marks a significant milestone for both QIB and the mandated lead arrangers (SCB, HSBC and SMBC). By bringing together a strong consortium of regional and international banks, this transaction demonstrates market appetite and reinforces the position of these institutions within the Islamic financing sector. We are proud to have supported the syndicate of banks on this landmark deal, showcasing the depth and sophistication of Islamic financing structures available to institutions across the region.”