We are proud to announce that Shook Lin & Bok has won the prestigious IFN Deal of the Year award for 2018! The annual awards ‘honor the best in the Islamic finance industry and are one of the most prestigious awards highly recognized by the global Islamic capital markets’.
The deal, in which we advised, was one of the five shortlisted deals from the following countries; UK, Saudi, the UAE, Malaysia and Indonesia.
The deal also won two other IFN awards:
- IFN Deal of the Year 2018 – Malaysia
- IFN Deal of the Year 2018 – Social Impact
It involved a landmark RM500 million Sustainable Development Goal (SDG) Islamic medium-term note based on the Islamic principle of Wakalah BI Al Istithmar arranged solely by HSBC Amanah Malaysia Berhad. This Sukuk facility was issued based on the existing HSBC Group SDG Bond Framework and proceeds will be used to support projects contributing toward the UN Sustainable Development Goals (SDGs). This deal also leverages on Bank Negara Malaysia’s value-based intermediation initiative which was recently launched, shifting the focus of the Islamic finance industry to integrate environmental and social tenets into banking activities.
Islamic Finance News (better known as IFN) is well known for its independence, impartiality and inclusiveness. Deals are judged by an independent panel of industry experts.
We congratulate our Partner, Ms. Hoh Kiat Ching, and her team on this momentous win!