As part of one of the region’s notable Islamic capital markets transactions, ASAR acted as Kuwait law counsel to the Joint Lead Managers on the successful issuance of U.S.$850,000,000 Tier 1 Capital Certificates by Kuwait Finance House K.S.C.P.

Structured as perpetual Mudaraba certificates with no fixed or final redemption date and carrying a profit rate of 6.250% per annum, the issuance adds meaningful depth to the region’s Islamic capital markets and regulatory capital instruments.

ASAR advised alongside Joint Lead Managers including Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Arqaam Capital, ASB Capital, Dubai Islamic Bank (DIB), Emirates NBD, First Abu Dhabi Bank, HSBC, KAMCO Invest, KFH Capital, Mashreq (Islamic Banking), and Standard Chartered Bank.

ASAR’s team advising on this transaction included Rob Little, John Cunha, and Mariam Al Rashed.

To learn more about ASAR’s capital markets and regulatory advisory capabilities, visit our Capital Markets page