Adil Hussain

Full Profile

Adil Hussain is a partner and the Head of Clyde & Co’s Middle East Banking and Finance practice. He is also the firm’s Global Head of Islamic Finance. 

Based in the Dubai 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 first-of-their-kind Islamic financing products.

Adil has built up a wealth of regional experience having previously worked in Bahrain and Riyadh for a number of years.  Adil is regularly cited in legal directories as being a leading banking lawyer and draws particular praise for his Islamic finance expertise.

Experience

• 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.