Department profile
Zul Rafique & Partners

Banking & Finance: Debt Capital Markets

Asia-Pacific Guide 2026 : Malaysia


Zul Rafique & Partners

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Chambers Review

Provided by Chambers

Banking & Finance: Debt Capital Markets - Malaysia

Band 1

Band 1


What the Team is Known For

Zul Rafique & Partners has a standout banking group in Malaysia that provides expert legal advice on all aspects of conventional, Islamic and debt-related financial transactions. The firm is especially skilled in complex debt restructuring, revolving credit facilities, acquisition finance and project finance. The team is well known for its handling of DCM deals, especially sukuk. The firm acts for prominent Malaysian and international borrowers and lenders, advising on deals in a range of sectors including real estate and infrastructure.

Strengths

The team's accessibility & responsiveness facilitates all parties' communication and consistently meets tight deadlines without compromising its work quality.

Zul Rafique & Partners have a strong client-centred approach with clear, consistent communication. They also have deep expertise and up-to-date knowledge in banking law.

Work Highlights

Zul Rafique & Partners advised Hong Leong Investment Bank on the establishment of an MTN programme based on the ASEAN Green Bond Standards issued by ASEAN Capital Markets Forum by Exio Logistics, a joint venture between IJM RE, a wholly owned subsidiary of IJM Corporation and FMM Elmina.

Zul Rafique & Partners advised Pelaburan Hartanah on a Sukuk Murabahah Programme consisting of an Islamic MTN programme and Islamic Commercial Papers programme, with a combined limit of up to MYR5 billion.

Notable practitioners
Mei Mei Loh
Loh Mei Mei is a leading banking partner in Kuala Lumpur who frequently acts on high-value and cross-border MTN programmes and term loan facilities, including conventional and Islamic finance.

She is a very knowledgable counsel who is able to provide very sharp legal advice.

Mei Mei Loh is very knowledgeable. She is fast and reliable and consistently displays professionalism in dealing with various types of clients. She would be a top choice for bankers and corporates.


Celine Rangithan

Celine Rangithan is well recognised her practice assisting leading banks, as well as borrowers, with a particular focus on DCM in Malaysia. She frequently advises on murabaha structures and conventional financing, including in the projects space.

Celine is a professional, responsive partner with a deep sense of commercial awareness.

She is very good to work with.


Ashela Ramaya
Ashela Ramaya is a partner in Kuala Lumpur with a strong practice advising financial institutions on sukuk, loan facilities and refinancing. She is adept at handling cross-border transactions for Malaysian and international banks.

Ashela always provides value-add services, beyond the scope of engagement.

Ashela demonstrates professionalism, integrity, and a client-first mindset.


Kwan Hoe Chan

Chan Kwan Hoe is a partner at Zul Rafique & Partners. He is well-reputed in Malaysia's banking and finance legal market, acting for foreign and local financial institutions. He has expertise in MTN programmes, including sukuk, and advises on deals in such sectors as real estate.

He is very good at articulating and conveying complex matters.


Suan Im Kung
Kung Suan Im is a partner at Zul Rafique & Partners who has a robust practice advising on acquisition financing and sukuk, among other finance matters. She advises both Malaysian and international banks.

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Ranked Individuals at Zul Rafique & Partners (5)

Malaysia

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