IslamicFinance.de

Dentons has revealed that it acted as legal counsel advising on the Islamic financing of the proposed $270 million acquisition of Byrne Group by Itqan Investments. Byrne is an equipment rental company servicing the construction, industrial, oil and gas industries in the GCC. Through the recently completed transaction, Itqan Investments purchased the entire share capital of Byrne Equipment Rental and its subsidiaries. The organisation hopes to enhance Byrne’s ambition to launch into the Asian market. The Dentons team was led by partner and head of Islamic Finance in the Middle East Qasim Aslam, with support from senior associates Atif Choudhary and Jane Flournoy.

Dentons has advised Bank of Tokyo-Mitsubishi UFJ (Malaysia) on an Islamic commodity murabahah facility of US$100 million to the Islamic Corporation for the Development of the Private Sector. Qasim Aslam, Partner and the Head of Islamic Finance - Middle East, commented: "This marks another example of the significant efforts leading Japanese financial institutions are making to work together in making Islamic finance available across borders. We are very proud to have assisted BTMU on this landmark transaction." The Dentons team was led by Qasim Aslam and senior associate Tien Tai based in Dubai