Shauaib Mirza

Counsel
Norton Rose Fulbright (Middle East) LLP

Dubai
United Arab Emirates
T:+44 20 7444 5694
Dubai
United Arab Emirates
T:+44 20 7444 5694
Shauaib Mirza

Shauaib Mirza

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Biography

Shauaib is an Of Counsel in our Islamic finance practice for the Middle East and Africa, based in our Dubai office. 

Shauaib has extensive experience of Islamic finance and regularly advises financial institutions, sovereigns and corporate clients on structuring and executing a broad range of Islamic financing transactions. These include corporate financing, project financing and Sukuk issuances.

He has worked on a number of innovative and award-winning Islamic financing matters, including DP World's Twentyfoot Equivalent Unit (TEU)-based Sukuk programme and Emirates' Export Credits Guarantee Department/UK Export Finance-backed Sukuk.


Professional experience

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  • Admitted as a solicitor England and Wales 2007

Banking

  • Advised Dubai Islamic Bank on a number of Shari'a compliant construction financings in the United Arab Emirates
  • Advised an international airline on a novel ATKM-based Shari'a compliant financing
  • Advised Abu Dhabi Islamic Bank on a co-financing made up of an Islamic bank tranche and an Islamic Sukuk tranche for a Dubai-based company
  • Advised a Qatari institution on a number of aircraft financings
  • Advised a Dubai-based company on an AED352.5m financing involving a conventional facility and Ijara term facility
  • Advised a listed home finance provider on its restructuring and issuance of a contingent convertible instrument
  • Advised Noor Islamic Bank PJSC on an innovative Shari'a compliant guarantee facility for a leading development company in Dubai
  • Advised Noor Islamic Bank PJSC on a US$150m secured Murabaha financing for a Dubai Airport Free Zone entity
  • Advised Abu Dhabi Islamic Bank, Commercial Bank International, First Gulf Bank and Sharjah Islamic Bank with an Ijara-based aircraft financing of a Boeing 777-300ER aircraft for Emirates
  • Advised the mandated lead arrangers on a US$1.5bn syndicated Murabaha facility for a Dubai company
  • Advised Standard Chartered Bank on a US$60m secured, credit card receivable backed Murabaha facility
  • Advised the mandated lead arrangers on the Islamic tranche of an AED2.5bn facility for an Abu Dhabi-based obligor
  • Advised SAMBA, SABB and BSF with bridge Murabaha facilities for two project companies

 

Sukuk

  • Advised the joint lead managers on the first sovereign green Sukuk issuance by the Republic of Indonesia
  • Advised DP World on its US$300m trust certificates issuance programme
  • Advised the arrangers on the establishment of APICORP's US$3bn wakala and Murabaha trust certificate issuance programme
  • Advised the arrangers and dealers on First Gulf Bank's US$3.5m trust certificates issuance programme
  • Advised the arrangers on IFC's standalone Sukuk issuance of US$100m floating rate, amortising trust certificates
  • Advised the joint lead managers on a US$1.5bn Sukuk issuance by the Government of Malaysia
  • Advised HSBC, JP Morgan, Citi and NBAD on an ECGD/UKEF-backed pre-funded Sukuk issuance by Emirates
  • Advised JP Morgan, NCB Capital Company and Standard Chartered Bank on the establishment of Saudi Telecom Company's SAR$5bn Sukuk programme
  • Advised HSBC, QInvest and Standard Chartered Bank with a US$1.24bn Ijara-based Sukuk issuance by the Republic of Turkey
  • Advised BNP Paribas, Barwa Bank, Al Hilal Bank, Emirates NBD and Nomura on a US$200m Tier II Sukuk issuance by Al Baraka Turk

Project finance

  • Advised the sponsors on the Islamic tranche of an 18-year financing of a US$2bn, 1,386 MW (gross) ultra-supercritical coal-fired independent power project (IPP) near the port of Safi, Morocco
  • Advised the Islamic financiers on the project financing of a US$5bn aluminium smelter plant, casthouse and related infrastructure to be developed by Ma'aden Aluminium Company
  • Advised the Islamic financiers on the project financing of a US$2.52bn aluminium rolling mill and related infrastructure to be developed by Ma'aden Rolling Company
  • Advised on the Ma'aden Phosphate project in Saudi Arabia