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ISFIN partners with Bin Shabib and Associates in IRAQ

Iraq: Saturday, June 22 - 2013 @ 09:46

Founded by Dr Rashid Bin Shabib in 2001, Bin Shabib & Associates enjoys a sterling reputation in the MENA market for its combined local knowledge and regional relationships with international expertise.

Prof. Laurent Marliere, CEO of ISFIN says:”The launch of Bin Shabib’s new office in Erbil, Iraq in November 2012, matches our plan to be present in the fast developing and complex jurisdicitions like Libya, Algeria, Egypt, Syria… IRAQ’s fast recovering economy requires huge investments in infrastructure but provides great opportunities as well. We value Bin Shabib’s dynamic approach in a fast-developing business environment. It is a smart move and we are happy to be smart together!” adds Marliere.

Bin Shabib & Associate’s Managing Partner Jimmy Haoula says « Erbil is a gateway to Iraq due to its stability and proximity and enables Bin Shabib to leverage upon and build a secure platform for the future opening of further offices in Iraq next year. Given that UAE-Iraq trade has expanded by 60% last year, the opening of our Erbil office allows us to be part of the successful development and advancement of a world class city in years to come.

“As with all our expansions in the region, we have invested heavily in local lawyers who know the market and have rights of audience in their respective local jurisdictions. This gives our clients peace of mind and gives us the ‘cutting-edge’ amongst our players.“says Haoula.”

Estelle Rami, heads the Erbil office in Iraq. She says: Bin Shabib provides a full range of legal services in a wide variety of industry sectors including Islamic finance. In Iraq, Islamic finance is still in its infancy, and business models are just emerging. The range of Islamic finance products available and their outreach is influenced by a variety of factors, with regulatory environment surrounding Islamic finance as critical point of constraint. However, conventional products definitely come on sight in the current investment sphere. Islamic Finance is typically an international area. Teaming up with ISFIN will strengthen our international capacity even more.”

Bin Shabib’s banking & finance team focuses on Sharia-compliant finance and investment transactions. They have been involved in numerous transactions including formation of Sharia-compliant property funds that have invested throughout the MENA region, acting for Islamic and conventional financial institutions, merchant and investment banks, venture capital funds, fund sponsors and family investment companies.

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Saturday, June 22- 2013 @ 9:46 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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