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Islamic finance set to reach new heights at Skrine

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Points of Essence:

  • One of a major Malaysian legal firms, Skrine intends to shore up its Islamic finance practice as it acquired a smaller but prominent local Islamic finance law outfit. This is to stave off competition with other international giants, that require significant size and capacity to stay ahead in Islamic finance.

By Michelle Boatley

Malaysian law firm Skrine has announced that Mohamed Ismail Shariff will join the firm in an effort to kick off its Islamic finance practice.

ALB understands that Ismail’s own practice,  Mohamed Ismail & Co, will be absorbed by the Skrine as part of the deal, bringing the total number of lawyers at the firm to nearly 90.

To date, Skrine has only has a modest involvement in Islamic finance, but this is set to change with the arrival of Ismail and his team.   “To be able to compete with other international firms, and with Malaysia becoming an Islamic banking hub, there is a need for size and quality of services,” Ismail told The Malaysian Reserve recently. “That must be backed with a big set up, where other necessary services are available. This is to meet the present trend,” he said.



Written by Suapi Shaffaii

October 7, 2008 at 3:17 pm

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