Chambers Review
Provided by Chambers
Islamic Finance - Asia-Pacific Region
What the Team is Known For
Albar & Partners acts for an impressive clientele incorporating investment and commercial banks as well as other high-calibre financial institutions. The firm continues to garner respect in the region for its Islamic finance law practice covering refinancing, acquisitions and operational funding. The team regularly handles both sukuk issuances and murabaha financings for businesses in the telecommunications, real estate and energy sectors. The lawyers are also able to advise on transactions adopting the Shari'a principle of wakala.
Work Highlights
Albar & Partners advised AmInvestment Bank on the establishment of an Islamic medium-term note programme based on the Shari'a principle of wakala bi al-istithmar, for the issuance of up to RMT2 billion unrated Islamic medium-term notes by Duopharma Biotech.
Notable practitioners
Swee Loong Chung is Albar & Partners' joint managing partner in Kuala Lumpur, and is highly experienced in handling Islamic finance transactions in Malaysia. He represents both financiers and issuers in sukuk deals, including in the energy sector.