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Portrait of Shakeel Adli

Shakeel Adli

Partner
Head of Islamic Finance

Contact
CMS (UAE) LLP
Level 15 Burj Daman
Dubai International Financial Centre
PO Box 506873
Dubai
United Arab Emirates
Languages English, Punjabi

Shakeel Adli is the Head of Islamic Finance at CMS. He specialises in advising lenders, borrowers, sponsors and security providers, whether Shariah compliant or not, on structuring, negotiating and documenting Shariah compliant corporate lending, real estate finance, asset finance, project finance, trade finance, debt restructurings, product development and debt capital markets transactions.

Shakeel has practical experience of acting on Shariah compliant financings across the globe representing both existing and new participants to Islamic Finance and has a particular focus on Shariah compliant real estate financings in the UK and Shariah compliant transactions in the Middle East, with additional sector focus on the real estate, hotels & leisure and construction sectors.

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Relevant experience

  • A large bank headquartered in Dubai on a AED1billion Ijara financing.
  • Numerous Shariah compliant real estate financings including over one billion US Dollars’ worth of financings in London, Germany and the United States structured on a Tawarruq basis.
  • A major international airline on the financing of two A380 aircraft using an Ijara structure.
  • A major development bank on the Shariah compliant financing of a power plant in the Middle East.
  • An international bank on the financing of Indonesian cocoa products using a combination of Murabaha and Musawama.
  • A US$1.5billion Shariah compliant restructuring of a major UAE corporates debt facilities.
  • A leading international bank on establishing its Islamic Finance operations.
  • The issuers on Sukuk listed in London, Hong Kong, Malaysia and London.
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Education

  • 2004 – Legal Practice Course, BPP Law School, London
  • 2003 – PostGraduate Diploma in Law, BPP Law School, London
  • 2002 – BA (Hons), University of Southampton, Southampton
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22 December 2020
Law and reg­u­la­tion of Cov­id-19 loan morator­i­ums in the UAE
1. De­scrip­tion of the le­gis­la­tion 1.1 Is there a morator­i­um on loans le­gis­la­tion im­ple­men­ted in your jur­is­dic­tion? No. 1.2 If no: Are there any on­go­ing dis­cus­sions re­gard­ing a po­ten­tial in­tro­duc­tion...
Comparable
05 October 2020
Re­struc­tur­ing and in­solv­ency law in United Ar­ab Emir­ates
1. What is the primary le­gis­la­tion gov­ern­ing in­solv­ency and re­struc­tur­ing pro­ceed­ings in your jur­is­dic­tion? Fed­er­al Law No. 9/2016 (the “Bank­ruptcy Law”) is the primary le­gis­la­tion gov­ern­ing in­solv­ency...
Comparable
07 August 2019
Switch­ing up the way that in­solv­ency and bank­ruptcy is dealt with in the...
On 13 June 2019 the new In­solv­ency Law(DI­FC Law No. 1 of 2019) and the as­so­ci­ated In­solv­ency Reg­u­la­tions 2019 (the “Law”) came in to ef­fect in the Dubai In­ter­na­tion­al Fin­ance Centre (“DI­FC”) re­peal­ing...
29 January 2019
Our glob­al Is­lam­ic Fin­ance prac­tice
Is­lam­ic Fin­ance in­volves the ap­plic­a­tion of the Shari­ah (the sys­tem of re­li­gious law which ap­plies to Muslims) to mod­ern bank­ing and fin­ance.The glob­al Is­lam­ic Fin­ance in­dustry which cur­rently has over...
29 January 2019
Our glob­al Shari­ah com­pli­ant Real Es­tate Fin­ance prac­tice
The glob­al Is­lam­ic Fin­ance in­dustry which cur­rently has over 1400 act­ive fin­an­cial in­sti­tu­tions par­ti­cip­at­ing in it across 67 coun­tries has grown ex­po­nen­tially over the past fif­teen years and now has...
10 January 2019
Re­gis­tra­tion re­quire­ments for over­seas en­tit­ies own­ing UK prop­erty – draft...
A draft Bill has re­cently been pub­lished to set up a re­gister to be main­tained by UK Com­pan­ies House for be­ne­fi­cial own­ers of over­seas en­tit­ies that own UK prop­erty. Once the re­gister has gone live (in­ten­ded...
18 December 2017
New rules on bounced cheques in the UAE
The UAE eco­nomy has his­tor­ic­ally re­lied more heav­ily on cheques for pro­cessing pay­ments than elec­tron­ic trans­fers. By way of il­lus­tra­tion, the UAE Cent­ral Bank only in­tro­duced a Dir­ect Deb­it Sys­tem in...
4 December 2017
Risk Mat­ters: In­sur­ance Sec­tor Up­date (Winter 2017/18)
The latest edi­tion of Risk Mat­ters, high­light­ing is­sues im­pact­ing the in­sur­ance sec­tor, is now avail­able to down­load from our web­site.High­lights in­clude an as­sess­ment of this year’s $100bn North Amer­ic­an...
19 September 2017
Dana Gas: A load of hot air?
The highly-charged Dana Gas case has set the scene for a free-flow­ing de­bate between the courts of Lon­don and Shar­jah, bring­ing in­to ques­tion the le­git­im­acy of Shari­ah com­pli­ant trans­ac­tions. Wheth­er...
14 September 2017
The Rise of the RE­IT in the Middle East
Real Es­tate In­vest­ment Trusts (“RE­ITs”) have been widely used in the UK, the United States and Europe for over a dec­ade, mainly as tax ef­fi­cient real es­tate in­vest­ment vehicles.  Their ap­peal in...
22 August 2017
New cap­it­al re­quire­ment for Ir­a­ni­an banks
Re­cent fail­ures by cer­tain Ir­a­ni­an fin­an­cial in­sti­tu­tions have high­lighted prob­lems in Ir­an’s bank­ing sec­tor. In a move to en­sure great­er ac­count­ab­il­ity and trans­par­ency among loc­al banks and fin­an­cial...
18 August 2017
New cap­it­al re­quire­ment for Ir­a­ni­an banks
Re­cent fail­ures by cer­tain Ir­a­ni­an fin­an­cial in­sti­tu­tions have high­lighted prob­lems in Ir­an’s bank­ing sec­tor. In a move to en­sure great­er ac­count­ab­il­ity and trans­par­ency among loc­al banks and fin­an­cial...