Amanjit K. Fagura

Shari’a Fund Structuring and Formation

• A Kuwaiti bank on creating a master structure for its portfolio and wealth management team and regulated by the Kuwait Capital Markets Authority to allow investments in various asset classes in a Shari’a-compliant manner.
• A Bahraini asset manager on the establishment of a segregated portfolio company registered as a fund in the Cayman Islands and regulated in Bahrain to permit the group to make investments in conventional assets and structures in a Shari’a-compliant manner.
• A global private markets firm with respect to a Shari’a-compliant separately managed account to permit investments by a large Islamic investor into their private equity fund and the Shari’a-compliant structuring of its infrastructure fund.
• A UAE-based alternative asset manager fund on the set up of a second Shari’a-compliant open-ended fund to attract a different set of investors required to make their investments in a Shari’a-compliant manner.
• A UAE-based alternative asset manager with respect to setting up a Shari’a-compliant open-ended feeder fund (including advising on its restructuring) in the Cayman Islands to attract investors and grant exposure in the economic performance of a U.S.-limited partnership.
• A U.S. fund raising US$500 million on the Shari’a structuring and documentation of its investments for Islamic investors. The fund proceeds were utilized to acquire U.S. postal offices.

Debt Capital Markets and Private Placements

• A German insurance company in connection with a secured €35 million Sukuk Al-Murabaha due in 2029.
• A client on the early termination of a US$55 million Sukuk Al-Ijara which was due in 2019.
• A financial services firm based in Germany, in connection with a US$100 million Sukuk Al-Wakala program backed by unit-linked insurance policies written by a “BBB”-rated multinational insurance provider.
• A Luxembourg-based multinational insurance provider in connection with an issuance, through a Guernsey regulated reinsurance vehicle, of US$67.261 million insurance linked covered notes privately placed with international investors
• A German-based financial services firm with an issuance through a Luxembourg incorporated issuer of its US$45 million Sukuk Al-Murabaha by way of private placement.

Finance and Restructuring

• A regional government institution with their transition of several Shari’a compliant facilities from LIBOR to SOFR.
• A global facility agent, and a syndicate of banks in connection with amendments to the AED2 billion senior secured conventional and Islamic facility and the addition of a new AED1 billion conventional and Islamic facility.
• A Munich-based private equity firm in connection with financings for two of its Middle East-based healthcare portfolio companies.
• A Middle East bank in connection with the restructuring of an existing Ijara facility agreement and related documents originally entered into between a Middle Eastern real estate company and the bank.
• An international private equity fund in the representation of cross-border teams in relation to bid processes and subsequent acquisition financings on several deals.
• A client that conducts exploratory and development operations in proven hydrocarbon areas in connection with US$150 million New York governed loan agreement secured by oil and gas assets located in the UK North Sea and North America.
• A leading Nigerian oil and gas exploration, development, and production company in connection with a US$50 million convertible loan financing secured by a charge over shares.
• Lenders in connection with over US$240 million refinancing of a rig which is located in Liberia.
• A UK shipping company in connection with the US$30 million bridge term loan facility to finance two vessels.
• A sponsor bidding consortium in connection with its bid to develop and finance a 1,700 MW Rabigh 2 IPP in Saudi Arabia.

• Investment Funds: Middle East-wide – Chambers Global 2024
• Corporate Finance (Including Islamic Lending): United Arab Emirates – The Legal 500 EMEA 2020-2024
• Investment Fund Formation and Management: United Arab Emirates – The Legal 500 EMEA 2023-2024

• Acquisition Finance 2023: UAE – Chambers Global Practice Guide 2023
• United Arab Emirates Chapter – ICLG – Lending & Secured Finance 2023
• Prevalence of ESG Strategies Among Shari’a-Compliant Funds and Attendant Issues – Private Equity Law Report
• United Arab Emirates Chapter – ICLG – Lending & Secured Finance 2022
• Environmental, Social, and Governance Investing: A Bridge to Shari’a-Compliant Investments in the GCC? – New Private Markets