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Fast growing Malaysian firm grows a little more

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Points of Essence:

  • Malaysia based Azmi & Associates hires Idrus Ismail to expand its Islamic banking and finance practice. The former legal counsel will boost the firm’s profile amid intense competition from other legal firms in the region.

By Rashida Yosufzai

One of the region’s fastest growing law firms, Malaysia-based Azmi & Associates, has expanded its Islamic finance practice with a new appointment.

Idrus Ismail

The firm has recruited former in-house counsel as a senior lawyer for its Islamic Banking & Finance Practice Group as the booming practice area develops further in the region.

With over two decades of banking advisory experience, Ismail has held positions with various financial institutions including Malaysia’s second largest bank, CIMB Islamic Bank Bank Berhad.

The timely addition comes as competition for market share in the Islamic finance market heats up between Singapore and Malaysia, with the Singapore government launching its first Islamic bond program earlier this week. Singapore-based Allen & Gledhill advised on the landmark transaction, which aims to tap investors in the Gulf region.

ALB’s Fast 30 survey last year found that Azmi & Associates was one of the region’s fastest growing firms. The firm has most recently advised on the US$212m Islamic financing transaction of the Projek Lintasan Shah Alam, a local infrastructure project.

Source: asia.legalbusinessonline.com

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Written by Suapi Shaffaii

January 22, 2009 at 5:13 pm

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