Banking and finance (including Islamic finance) in Bahrain

Al Tamimi & Company

Al Tamimi & Company's banking and finance practice is praised for its ‘responsive, friendly and practical advice’, and is routinely sought after by local, regional and international financial companies for advice on a range of regulatory and transactional matters, including Shariah-compliant financial products, bilateral and syndicated lending, derivatives, debt capital markets, and project finance. Natalia Kumar plays a leading role in the practice, overseeing the team’s international and multi-jurisdictional work. She is ably supported by the broad expertise of associates Gargi Agarwal and Faizan Toor, both of whom operate in a number of syndicated loans, Islamic financing, and trade finance matters, as well as green financial products and project financing.

Praxisleiter:

Rafiq Jaffer


Weitere Kernanwälte:

Natalia Kumar; Gargi Agarwal; Faizan Toor


Referenzen

‘Proactive. Drafting is concise and thoughtful.’

‘Natalia Kumar has provided useful advice in Bahrain.’

‘Very accessible and easy to work with.’

Kernmandanten

Citibank N.A.


GFH Financial Group B.S.C.


Bank of Bahrain and Kuwait B.S.C.


Gulf International Bank B.S.C.


Arab Banking Corporation B.S.C. (C)


Mashreqbank psc


HSBC Bank Middle East Ltd


Kuwait Finance House B.S.C (C)


Bahrain Development Bank B.S.C (C)


HDFC Bank Ltd.


Emirates NBD Bank PJSC


First Abu Dhabi Bank PJSC


Federal Bank Ltd.


Deutsche Bank AG


LGT Bank AG


Singapore Gulf Bank B.S.C. (C)


The Housing Bank for Trade and Finance -Jordan


Credit Agricole Corporate & Investment Bank


United Gulf Bank B.S.C. (C)


BitOasis Bahrain W.L.L.


Islamic Corporation for the Development of the Private Sector


Highlight-Mandate


Charles Russell Speechlys LLP

Charles Russell Speechlys LLP's banking and finance division is routinely retained by banks, multinational companies, investment funds, regulators, and others in a range of transactional and regulatory mandates. Department head Mazin Al Mardhi leverages experience advising conventional and Islamic banks in facility and M&A transactions, alongside representing clients in arbitration proceedings before the ICC, LCIA, and other bodies. Jonathan Fisher frequently appears beside him in a diverse range of Islamic finance transactions, including Shariah finance regulations, Sukuk and Murabaha transactions, and others.

Praxisleiter:

Mazin Al Mardhi


 


Weitere Kernanwälte:

Jonathan Fisher


ASAR – Al Ruwayeh & Partners

ASAR – Al Ruwayeh & Partners's banking and finance practice is retained by clients for a diverse spectrum of mandates, including Islamic transactions, such as Ijarah, Murabaha, and Sukuk, as well as conventional lending matters, such as bilateral and syndicated loans, asset finance, and various structured finance products. Simone Del Nevo directs the department, bringing over 20 years of experience in domestic and cross-border finance transactions. Rahul Sud is favoured among clients for debt capital markets, fintech, and project finance mandates, as well as Islamic finance matters.

Praxisleiter:

Simone Del Nevo


Weitere Kernanwälte:

Rahul Sud


Referenzen

‘This team stands out due to its client-focused and practical approach.‘

‚Rahul Sud stands out for his diligence and efficiency. He is a true partner in every sense.‘

‚They provide strategic business solutions, not just legal advice, which is directly aligned with our commercial goals.‘

Highlight-Mandate


  • Advised SULB Company B.S.C. on the USD373m release of Bahrain-specific security as part of a cross-border unwind of complex onshore and offshore arrangements.
  • Advised the lender syndicate, led by First Abu Dhabi Bank PJSC, on a USD1bn Islamic Murabaha facility to the Government of Bahrain, addressing novel sovereign financing issues under Bahraini law.
  • Advised UBS Switzerland AG, as security agent, on the assignment of dividend rights from AMEX (Middle East) B.S.C. shares held by Mawarid Investments Ltd in connection with a USD225m facility.

Baker & McKenzie Limited

Baker & McKenzie Limited's banking and finance department is praised for its ‘good industry knowledge’ and is often retained by clients for its broad transactional expertise for both conventional and Islamic financing. Adil Hussain heads the team, bringing expertise in new financing products and Shariah-compliant financing, an area in which  Delwar Hossain is also highly active, as well as debt capital markets, facilities, and project finance. Soheir Elbanna and Victoria Long advise on multi-jurisdictional finance transactions and syndicated and bilateral loans.

Praxisleiter:

Adil Hussain


Weitere Kernanwälte:

Delwar Hossain; Soheir Elbanna; Victoria Long


Referenzen

‘Very good industry knowledge and strong Bahraini team on the ground in Bahrain.‘

Kernmandanten

Arab Banking Corporation (B.S.C.)


ABC Islamic Bank (E.C.)


State Bank of India, Bahrain Branch


Bank of Bahrain and Kuwait


ACWA Power


Gulf International Bank B.S.C.


Al Rajhi Banking and Investment Corporation


The Saudi National Bank (Bahrain)


Ahli United Bank B.S.C.


Bahrain National Gas Company (B.S.C.)


The Oil and Gas Holding Company B.S.C. (c)


Highlight-Mandate


  • Acting as lender’s legal counsel in relation to a bank-to-bank financing, where Bahrain and Kuwait B.S.C. (BBK) is acting as borrower.
  • Acted for an international bank, through its Bahrain-based entity, in relation to a USD80m equity bridge murabaha facility granted to ACWA Power’s wind power project in Uzbekistan, with ACWA Power providing the guarantee.
  • Acting for a syndication of eight regional banks led by Arab Banking Corporation (B.S.C.) and Mashreqbank psc in relation to USD450m sustainability-linked medium-term AAOIFI Shari’ah Standard 59 compliant murabaha-based Islamic and conventional multi-tranches credit facilities to Bahrain Steel B.S.C. (c) E.C.

Trowers & Hamlins LLP

Trowers & Hamlins LLP's banking and finance practice is a key port of call for conventional and Islamic finance transactions, with additional capabilities in the capital markets and regulatory spaces. The team has experience in being retained to advise on facilities and syndicated loans, as well as Mudaraba, Sukuk, and other Islamic finance products. Jeremy Ingham heads the team and is ably supported by Bilal Kahlon and Salman Ahmed, who boast expertise in debt capital markets and Shari’ah-compliant products. Abdullah Puri is a standout name for bilateral and syndicated loans and multijurisdictional transactions.

Praxisleiter:

Jeremy Ingham


Weitere Kernanwälte:

Bilal Kahlon; Salman Ahmed; Abdullah Puri


Referenzen

‘Biggest international law practice in Bahrain with vast experience in local transactions. No other firm has similar local expertise and experience.’

‘Bilal Kahlon and Salman Ahmed are always available to share their expertise and are very responsive. Its always a pleasure working with them as they make complex issues easy.’

‚Diverse skills across its team, extensive legal knowledge and skills, competitive pricing.‘

Highlight-Mandate


DLA Piper Middle East LLP

DLA Piper Middle East LLP's banking and finance practice is highly experienced in transactional and regulatory mandates, advising on facilities and syndicated loans, securitisation, and Islamic finance, including Murabaha, Sukuk, and other structures. Mohamed Toorani, based in Bahrain, heads the team with over 14 years of experience in transactional matters spanning the GCC. He is ably assisted by head of the Islamic finance practice Paul McViety, a key member of the team for project and asset finance, bilateral and syndicated lending, and a range of conventional and Islamic finance transactions.

Praxisleiter:

Mohamed Toorani; Paul McViety


Weitere Kernanwälte:

Lulwa Alzain


Referenzen

‘Very experienced lawyers with deep knowledge across many sectors, able to understand both Bahrain law and international laws and give sound advice which other law firms were not able to deliver.’

‘The mix between being local nationals in the team who understand the region along with having international experience is unique, specifically Mohammed Toorani was exceptional and quick in his response with a high level of work provided.‘

Kernmandanten

Crypto.com


Gate.io


Binance


Abdulla Al Abdulghani & Brothers W.L.L.


Bahrain Ministry of Transport and Telecommunications


Venture Capital Bank


GFH Financial Group


Mashreq Bank


Kuwait Investment Authority


Bank ABC


Al Salam Bank


Gulf International Bank


Batelco


Rain Financial


Environmental Chemical Corporation


Roche


Sabre


Arab Bank


Bahrain Islamic Bank


Highlight-Mandate


  • Advising the Bahraini Ministry for Transport and Telecommunications on the procurement of a 109km above ground metro line PPP project.
  • Advised Binance Holdings Ltd, the world’s largest cryptocurrency exchange by trading volume, on its license from Bahrain’s central bank to be a crypto-asset service provider in the Kingdom of Bahrain.
  • Advising Riverstone, a leading private markets asset management firm, and an administrative agent, collateral agent, and sustainability-linked loan coordinator, on a sustainability-linked term loan with the borrower, Hoover Materials Handling Group, Inc.

Hassan Radhi & Associates

Hassan Radhi & Associates' banking and finance practice is a go-to choice for local and regional clients seeking assistance with Shariah-compliant transactions, with the team advising on a number of Sukuk, Murabah, and other financial instruments. Noor Hassan Radhi spearheads the practice and is highly capable in financing, capital markets, and financial regulatory matters, working closely with Fatima Alali in IPO and cross-border transactions.

Praxisleiter:

Noor Hassan Radhi


Weitere Kernanwälte:

Fatima Al Ali


Kernmandanten

Ahli United Bank B.S.C.


Al Abraaj Restaurants Group B.S.C.


Al Salam Bank Bahrain B.S.C.


Arab Banking Corporation B.S.C.


Arab Financial Services B.S.C.(c)


Arab Insurance group B.S.C.


Bahrain Islamic Bank B.S.C.


Bank of Bahrain and Kuwait B.S.C.


GFH Financial Group B.S.C.


Khaleeji Commercial Bank B.S.C.


National Bank of Bahrain B.S.C.


Solidarity Bahrain B.S.C.


Standard Chartered Bank (Bahrain branch)


Highlight-Mandate


  • Advised Alabraaj Restaurants Group B.S.C. on its IPO, involving the issuance of new shares, conversion to a public joint stock company, and listing on Bahrain Bourse.
  • Advised the Joint Lead Managers on the Kingdom of Bahrain’s USD1.75bn sukuk issuance, listed on the international stock exchange.
  • Advised the Joint Lead Managers on the Kingdom of Bahrain’s USD750m Global Medium Term Note issuance, listed on the international stock exchange.

Zu'bi & Partners, Attorneys & Legal Consultants

Zu'bi & Partners, Attorneys & Legal Consultants' finance practice advises clients on both conventional and Islamic financing matters, encompassing bilateral and syndicated lending, bond issuance, and Murabaha and Sukuk transactions. The team has a strong track record in multijurisdictional transactions, an area in which Qays H. Zu’bi has notable experience. He is ably assisted by the transactional experience of Hatim Q. Zu’bi and Eman Omar. Eleanor Livingstone and Prachi Malhotra are also key members of the department.

Praxisleiter:

Qays H. Zu’bi; Hatim Q. Zu’bi; Eman Omar; Eleanor Livingstone


Weitere Kernanwälte:

Prachi Malhotra


Referenzen

‘Zu’bi & Partners banking and finance team stands out for its deep understanding of both local Bahraini law and international standards.‘

‚Their strength lies in combining technical legal expertise with a highly strategic approach, ensuring clients receive practical and results driven solutions.‘

‚The team is exceptionally well coordinated, demonstrating strong collaboration across different practice areas, which enables them to handle complex, multijurisdictional disputes effectively.‘

Highlight-Mandate