INCEIF Students Contribute To Award-winning Deal

AN INCEIF graduate together with two current students were recently honoured as part of the team who won an award for 2012’s best Islamic finance deal from an international Islamic finance news provider. The win was especially noteworthy to INCEIF as it reflected the meaningful contribution made by students during their internship as well as subsequent full-time placement at local financial institutions for outstanding international graduates.
The most coveted title for Islamic Finance News awards, the Deal of the Year, was awarded to an Islamic project financing deal to finance the construction of an LNG carrier for Brunei Gas Carriers to transport LNG for use by Japanese utilities companies in Japan. The deal was drawn up by Bank of Tokyo-Mitsubishi UFJ Malaysia Bhd (BTMU) and HSBC Amanah Malaysia Bhd.


From left… Ryosuke, Alaa and Masumi.
From HSBC Amanah, Mr. Ryosuke Shimazu, Vice President for Islamic Origination, Global Markets, and a CIFP graduate, worked on the transaction together with Ms. Alaa Alaabed, who interned at the bank for the final part of her CIFP. She is currently furthering her studies in PhD in Islamic Finance at INCEIF. From BTMU Malaysia, Mr. Masumi Hamahira, Advisor, Islamic Banking Department, participated in the transaction. He is currently pursuing the CIPF as an online student.

BTMU Malaysia and HSBC Amanah played key roles in this transaction based on their Islamic finance expertise, seeing that both banks are based in Malaysia, the world’s leading Islamic financial hub. BTMU played the pivotal role in managing the client and its sponsors, and HSBC led the structuring and documentation exercise. The other banks involved in the deal, finalised in July 2012, were Sumitomo Mitsui Banking Corporation Europe and Bank Islam Brunei Darussalam.

The IFN Deals of the Year was established in 2006 and recognises those who participated in the industry’s most groundbreaking transactions each year. Financial institutions, intermediaries and service providers are invited to submit their chosen transactions from the previous 12 months. A panel of experts from non-competing organisations then sieve through all submissions during the elimination process until just one transaction in each category remains and is thus awarded the winner of that category.

On 26 March, Ryosuke, Alaa and Masumi shared their experiences in drawing up the winning transaction with INCEIF faculty and students. The audience took the opportunity to question on the trio on the transaction, from the basic workings of the deal right to its Shariah authenticity. Real case studies such as the winning transaction enable INCEIF students to see how Islamic finance is applied in the real world.

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