Rasmala Long Income Fund’s Islamic Funding

CMS advised Abu Dhabi Islamic Bank on the deal.

Abu Dhabi Islamic Bank provided structured Islamic financing to Rasmala Long Income Fund, a fund managed by Rasmala Investment Bank Limited.

Rasmala Long Income Fund has a diversified portfolio of real estate assets covering the UK, Europe and North America. It will use the funding to support its acquisition of a supermarket investment in Hattersley, Greater Manchester. Constructed in 2012, the 100,365 sq ft property is leased to Tesco Stores Limited, the UK’s largest supermarket chain, on a 25-year lease with 15.8 years remaining (with no tenant break options). 

The CMS team was led by Shakeel Adli (Picture) and included Sean Gough, Lily Martin, Melissa Brett and James Pontifex.

Involved fees earner: Shakeel Adli – CMS Cameron McKenna Nabarro Olswang LLP; Melissa Brett – CMS Cameron McKenna Nabarro Olswang LLP; Sean Gough – CMS Cameron McKenna Nabarro Olswang LLP; Lily Martin – CMS Cameron McKenna Nabarro Olswang LLP; James Pontifex – CMS Cameron McKenna Nabarro Olswang LLP;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP;

Clients: Abu Dhabi Islamic Bank;

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