Dentons has advised Bank of Tokyo-Mitsubishi UFJ (Malaysia) on an Islamic commodity murabahah facility of US$100 million to the Islamic Corporation for the Development of the Private Sector.
ICD is one of the most influential agencies in the Islamic finance markets and the facility is the first ever financing by BTMU with a multilateral international financial entity.
Qasim Aslam, Partner and the Head of Islamic Finance – Middle East, commented: “This marks another example of the significant efforts leading Japanese financial institutions are making to work together in making Islamic finance available across borders. We are very proud to have assisted BTMU on this landmark transaction.”
The Dentons team was led by Qasim Aslam and senior associate Tien Tai based in Dubai.
Source: www.dentons.com
