Pinsent Masons takes Islamic Finance Prize for second year running

26 Jan 2016 | 09:26 am |

International law firm Pinsent Masons has secured the Commodity Murabahah/Tawarruq award at this year’s Islamic Finance News (IFN) Awards.

The prestigious award, based on peer nominations and expert independent industry analysis, is for the counsel Pinsent Masons provided to Dubai Islamic Bank - one of the top Islamic finance banks in the world - on two separate commodity murabahah facilities provided to Aydin Deniz of USD10 million each. Aydin Deniz, part of the Aydin Group, is a major Turkish marine services operator.

EY’s latest World Islamic Banking Competitiveness Report, states that Islamic banking assets in six key markets are set to exceed USD801bn in 2015, and by 2020, the global Islamic banking industry profit pool is expected to reach USD30.3bn.

The award marks a second year of success for the firm at the IFN Awards. Last year Pinsent Masons won the IFN Mudarabah Deal of the Year Award for the counsel provided to Dubai Islamic Bank on a USD $127 million Mudarabah facility made available to Emirates Central Cooling Systems Corporation (EMPOWER).  

Amir Ahmad, a Partner at Pinsent Masons, said: “We are delighted to be celebrating consecutive IFN award wins. The two transactions, totalling USD20 million, reinforce Pinsent Masons’ position amongst the top tier of Islamic Finance legal advisors in the Middle East – and, importantly, help to further Sheikh Mohammed bin Rashid Al Maktoum’s vision to make Dubai the global capital of the Islamic economy.”

Latest press releases

Show me all press releases

Pinsent Masons hires leading State aid and public procurement partner in London

International law firm Pinsent Masons has hired Dr Totis Kotsonis to lead the firm's State aid and public procurement team within its Competition, EU & Trade Group.

Pinsent Masons hires project finance partner in Paris

Multinational law firm has hired partner Eran Chvika to expand the firm's project finance capability in France and Francophone Africa.

Pinsent Masons advises on GBP1bn rural network deal to improve UK mobile coverage

International law firm, Pinsent Masons, has advised the Department for Culture, Media and Sport (DCMS) on a successful landmark £1 billion deal with the UK's four largest mobile network operators (MNOs) to create the 'shared rural network' arrangement and improve mobile coverage across the country.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons hires finance partner in Beijing

International law firm Pinsent Masons has hired Kanyi Lui into its Beijing office to expand the firm's finance offering in China and across Asia.

Employment and Reward group grows with the appointment of Dr Anne Sammon

Pinsent Masons has appointed Dr Anne Sammon as an Employment partner in its Employment and Reward group in London where she will focus on clients within the Financial Services sector.

Pinsent Masons advises Redington on deal from Phoenix

International law firm, Pinsent Masons, has successfully advised the founders and management of Redington, the independent institutional investment consultant, on an investment deal from Phoenix Equity Partners, a leading UK mid-market private equity firm.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts