Shafika is a partner in the firm’s Banking and Finance practice group with more than 25 years of experience in Islamic finance and capital markets.
Shafika’s practice is diverse, including both retail and corporate Islamic finance, project bonds, restructurings. real estate and regulatory issues. Her clients include sovereigns and other government-related entities, international financial institutions and corporate service providers. She also advises clients internationally on various capital markets, Islamic investments, waqf and crowd funding structures. Shafika is often sought after by financial institution to prepare and update their documentation templates for Islamic financing to ensure alignment with ever developing Bank Negara guidelines and policy documents issued.
Besides her financing related work, Shafika maintains a thriving real estate practice and has been involved in a number of challenging mandates relating to amalgamation, re-alienation and sub-division of lands, sale and purchase of commercial buildings and transfer of Malay Reserved Land and Bumiputra Lots to public listed companies.
Key Practice Areas
- Islamic Investments and Capital Markets
- Banking and Finance
- Real Estate
- Drafting and advising an International Islamic Bank relating to trust certificates issued in United Arab Emirates.
- Drafting and advising an Islamic Bank on the syndicated Islamic financing Bai Bithaman Ajil (BBA) facility to a plantation company.
- Drafting and advising an Islamic Bank on the RM50 million Islamic credit facility utilising Bai’ Al-Dayn, Al-Murabahah, Al-Wakalah and Islamic Accepted Bills.
- Advising several institutions locally and internationally on amendments to legislations and guidelines.
- Drafting and advising lead arrangers with respect to a debt restructuring exercise by a Sabah based plantation company by way of BBA Sukuk (BaIDS) issuance.
- Advising an Islamic Bank in respect of the floatation of a Muamalat Term Financing-i (Tawarruq) facility granted by the Bank to a private company on the Investment Account Platform for the subscription by investors.
- Advising an international bank in relation to the review and formalization of legal documents in respect of its Islamic Synthetic Foreign Currency Facility.
- Attending to the standardization process undertaken by an Islamic Bank in respect of its template documents to ensure compliance with the Central Bank of Malaysia’s guidelines on Tawarruq.
- Advising an International Islamic Bank in relation to USD96 million Murabahah facility granted by a Singapore bank to a real estate fund company.
- Advising in relation to respect to USD105 million Murabahah facility granted by an International Bank to real estate fund company for Iskandar Malaysia.
- Advising Indonesian Banks in USD30.0 Million Syndicated Ijarah Financing for an Indonesian aviation company.
- Drafting and advising an Indonesian oil and gas company with respect to the USD300 million Islamic Murabahah Trade Finance facility.
- Advising a Malaysian oil and gas company in respect of the banking Facilities of RM12.0 Million.
- Drafting and advising an Islamic Bank with respect to a proposed issuance of a Sukuk Mudharabah.
- Drafting and advising an Islamic Bank with respect to the approximately RM500 million Islamic collateralised debt obligations using Mudharabah notes.
- Drafting and advising joint lead arrangers with respect to the issuance of an Islamic Fixed Rate Serial Bonds of RM100 million and 7-year Islamic Commercial Papers/Medium Term Notes Programme of RM100 million by a public listed company involved in construction of infrastructure.
- Drafting and advising an Islamic Bank with respect to the restructuring of a RM500 million BBA Islamic bonds issuance by a steel company.
- Drafting and advising a public listed Malaysian company on the issuance of Al Murabahah Medium Term Note programme of up to RM1.5 billion.
- Advising a public listed Malaysian company with respect to a RM200 million Sukuk Al-Ijarah Master Programme to finance the purchase of land and construction thereon of its headquarters.
- Drafting and advising lead arrangers with respect to a debt restructuring exercise by a Sarawak based public listed company by way of bonds issuance.
- Drafting and advising Lead Arranger with respect to a debt restructuring exercise by a highway concession company by way of commercial papers.
- Advising an international bank in the RM 1 Billion asset backed securitization based on Ijarah involving a telecommunication company.
- Drafting and advising the Lead Arranger in a proposed Islamic bonds facility utilising Ijarah, Murabahah and BBA.
- Drafting and advising a public listed Malaysian company in a RM1 billion Islamic bonds facility.
- Drafting and advising a Brunei oil and gas company with respect to a proposed BND100 million Sukuk Al Ijarah facility in Brunei Darussalam.
- Drafting and advising on the Sukuk Programme of up to RM5.311 Billion in Nominal Value Irrevocably and Unconditionally Guaranteed by the Government of Malaysia to an aviation company.
- Drafting and advising on the Islamic Commercial Papers and Islamic Medium Term Notes Issuance Programme of up to RM46.0 Billion in Nominal value Guaranteed by the Federal Government of Malaysia granted to a government owned company.
- Drafting and advising local bank in respect of Sukuk RM70.0 Million program in relation to a fabrication oil and gas company.
- Drafting and advising on an unrated Sukuk Wakalah Programme of up to RM2.5 Billion to be issued by a subsidiary of a listed oil palm plantation company in Malaysia.
- Advising on a proposed issuance of Islamic medium term notes pursuant to a Sukuk Wakalah Programme of up to RM2.5 billion in nominal value by the subsidiary of a public listed company.
- Advising international investors in an equity investment in Malaysia via issuance of Islamic Preference Shares.
- Drafting and advising a company involved in road infrastructure on their conventional bond issuance.
- Advocate and Solicitor, High Court of Malaya (1994)
- LL.B (Hons), International Islamic University Malaysia (1993)
- Conducted Seminars on Islamic Financing Documentations organised by the Bar Committees of Kuala Lumpur, Selangor, Penang, Kedah, Kelantan
- Speaker at Sukuk & Wakaf Forums organised by Penang Bar Committee and Hartaguam
- Speaker at a 2-day Legal Documentation Workshop for Islamic Financing organized by CERT (Centre for Research and Training)
- Conducted webinars on Islamic Financing Documentations and Corporate Practice organized by Bar Councils’ National Young Lawyers and Pupils Committee
- Conducted in-house staff training on Islamic financing products and documentations for several local banks and government linked companies
- Finalist for ALB SE Asia Law Awards for Murabahah Facility for the amount of USD96 million granted by Standard Chartered Singapore to Baitak Real Estate Fund I (Labuan) Limited.
- Finalist for ALB SE Asia Law Awards for Structured Finance and Securitisation Deal of the Year for Sukuk Ijarah Issuance by Menara ABS
- Legal Adviser to Nibras 2 fund for the most innovative Islamic real estate transaction in Iskandar alaysia investment during London Summit Sukuk Islamic Finance Awards in 2009.