This article originally appeared in the Middle East Special Report 2017 of Bonds & Loans. Reprinted with permission. Any opinions in this article are not those of Winston & Strawn or its clients. The opinions in this article are the author’s opinions only.
Unlike borrowers in other parts of the world, those based in the GCC region have flexibility in being able to access funding from both conventional and Islamic banks. But co-financings involving conventional and Islamic banks raise structural issues which need to be overcome in a way which is going to be acceptable to both sets of banks. This Q&A with Shibeer Ahmed, Head of Middle East Banking and Islamic Finance at Winston & Strawn, addresses how borrowers can avoid these pitfalls and optimally structure a dual Islamic and conventional transaction.