Advising Barclays Global Investors on the establishment of three funds under the iShares programme, concerning the iShares operational processes and the fund documentation for the iShares.
The fund is designed to offer investors a long term return by tracking closely the performance of (i) the MSCI World Islamic Index, (ii) the MSCI Emerging Markets Index and (iii) the MSCI USA Islamic Index, by investing in a portfolio of Shariah compliant equities that mirrors the component constituents of the relevant index. Unlike conventional MSCI Indices, the Shariah-compliant iShares have a higher exposure to the energy, materials and technology sectors than to the financial sector. The product was subsequently launched on the London Stock Exchange.
Advising investment bank and export credit agency on a costs plus facility for Zain Sudan.
Advising an international finance company on the development of the first Russian Cost Plus financing programme designed for the financing of raw material supplies for Russian manufacturers.
Advising VTB on the proposed issuance of an alternative finance bond.
Advising Nomura International on various alternative finance instruments.
Advising Swedish financial institution in relation to the acceptability of their financial instruments from an alternative finance perspective.
Advising the Financial Services Authority on the regulatory treatment of alternative finance instruments in the UK.
Advising Barclays Capital on a panel arrangement which provides several members of the Barclays Group with flexible access to scholars that can be tailored to reflect specific product and accessibility requirements.
Advising International Innovative Technologies (IIT) on the UK’s first ever alternative finance bond. The deal was awarded European Deal of the Year at the Finance News Awards 201o. Dubai-based Millenium Private Equity are the ultimate financiers of the transaction and raised financing using a joint venture structure for the alternative finance bond. IIT is a technology development company based in Newcastle, England.
Advising Kuwait Finance House (Bahrain) on the issue of trust certificates worth US$200 million by Diyaar Sukuk Company due 2011.