Based in the Abu Dhabi office, Adil focuses particularly on Islamic finance matters and has been involved in a number of the leading Islamic financing transactions in the Middle East region and internationally. He has also advised on the structuring and development of a number of Islamic financing products.
Adil has built up a wealth of Saudi finance experience having previously lived in Riyadh for three years. Adil is regularly cited in legal directories as being a leading banking lawyer and draws particular praise for his Islamic finance expertise.
ABC Islamic Bank (E.C.): advising in relation to Al Bayan Group Holding Company's debut syndicated ijara facility;
Al Hilal Bank: advising in relation to an ijara facility to a Saudi corporate;
Emirates Islamic Bank: advising in relation to template Istisna'a/Ijara documents;
Islamic Corporation for the Development of the Private Sector Al Rajhi Banking & Investment Corporation: advising on a two tranche Murabaha financing comprising real goods Murabaha and commodities Murabaha;
Jadwa: advising on tax‐efficient Sharia structuring solutions on a Sharia‐compliant real estate acquisition in the UK;
SAMBA Financial Group: advising on a multi vessel ijara wa iqtina facility being made available for Zamil Marine;
Kuwait Finance House, Bahrain: advising on the development of their restricted mudaraba products to enable off‐balance sheet investment into certain real estate, international commodity murabaha and corporate (private equity) transactions;
Al Salam Bank: advising on the US$240 million take‐out financing for the maturing Bahrain financial Harbour Sukuk Development Company BSC;
Gatehouse Bank, a London‐based Shari'ah compliant investment Bank: advising on the forward purchase of student accommodation in Oxford for a total consideration of ₤26.4 million;
Citigroup Global Markets, Dubai Islamic Bank, Emirates NBD, Commercial Bank of Dubai as arrangers: advising on the multi‐sourced receivables based financing of the Salik toll road system in Dubai, which included a novel Islamic tranche;
Standard Chartered Bank and Dubai Islamic Bank: advising on the AED300m conventional and Islamic (musharakah) facilities for a Fujairah trading entity;
Bahrain Islamic Bank and the banking group: advising on the first multimillion dollar syndicated musharakah mutanakisa facility to successfully close in Bahrain.