Abu Dhabi Islamic Bank’s £31 Million Sharia-compliant Refinancing


CMS and Walkers’ Jersey Banking & Finance advised Abu Dhabi Islamic Bank PJSC.

ADIB announced a £31 million Sharia compliant refinancing of two B&Q warehouse retail facilities in the north of England.

Abu Dhabi Islamic Bank is a leading universal bank that is fully Shari’a Compliant.

The Walkers team – associate Meg McAuley, senior counsel Tristan Maultby, and partner Nigel Weston advised ADIB on the Jersey law aspects of the commodity murabaha agreement and the Jersey security package for the refinancing of the properties in Grimsby and Bury.

ADIB were advised on matters of English law by the CMS team of Shakeel Adli, David Stanbridge, Sean Gough, Lily Martin and Adrienne Fisher.

Involved fees earner: Shakeel Adli – CMS Cameron McKenna Nabarro Olswang LLP; Adrienne Fisher – CMS Cameron McKenna Nabarro Olswang LLP; Sean Gough – CMS Cameron McKenna Nabarro Olswang LLP; Lily Martin – CMS Cameron McKenna Nabarro Olswang LLP; David Stanbridge – CMS Cameron McKenna Nabarro Olswang LLP; Tristan Maultby – Walkers Global; Meg McAuley – Walkers Global; Nigel Weston – Walkers Global;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP; Walkers Global;

Clients: Abu Dhabi Islamic Bank;

Avatar

Author: Michael Patrini.