Baker McKenzie acts for a Malaysian Bank on a Murabaha financing to an institutional investor

Baker McKenzie has acted as legal counsel for one of the largest banks in Malaysia in connection with a multi-million EUR Murabaha financing to an institutional investor. The transaction involved the refinancing of a real estate asset in the Netherlands with cross-border security being provided. The Baker McKenzie team comprised of lawyers based in Dubai, Luxembourg, Malaysia, Singapore and Australia.

Leading on the transaction, Adil Hussain, partner and global head of islamic finance, commented, “This transaction underscores our expertise in complex cross-border Islamic financing and our commitment to delivering seamless legal solutions across jurisdictions. The successful execution of this Murabaha financing highlights our ability to navigate intricate legal frameworks and meet expedited timelines.”

The Baker McKenzie cross-border and cross-practice team advised the Malaysia Bank on all the local legal aspects of the financing transaction. The team was led by UAE Partner, Adil Hussain and UAE Senior Associate, Chaya Gupta, and further included:

• Luxembourg: Jean-Francois Trapp (partner, Banking & Finance), Alexis Bouvet (senior associate, Banking & Finance), Corina Morosanu (associate, Banking & Finance)
• Malaysia: Mark Lim (partner, Banking & Finance), Licia Tan (senior associate, Banking & Finance)
• Netherlands: Fedor L Tanke (counsel, Banking & Finance), Max Swart (associate, Banking & Finance), Annette Relou (Legal Director, Real Estate)
• Singapore: Emmanuel Hadjidakis (partner, Banking & Finance), Serene Loi (senior associate, Banking & Finance), Yvonne Khoo (associate, Banking & Finance)
• Sydney (Australia): Duncan McGrath (partner, Banking & Finance) and Dean Bao (special counsel, Banking & Finance)

This deal demonstrates Baker McKenzie’s deep-rooted understanding and extensive experience in Islamic finance, adding to our impressive portfolio of Shariah-compliant transactions which Baker McKenzie advised on, including most recently advising the lenders in a Shariah-compliant syndicated facility to Giza Systems Co. and VAS Co.