Home > Milestones > AK BARS BANK - Kazan, Republic of Tatarstan (Russian Federation), 2010

AK BARS BANK - Kazan, Republic of Tatarstan (Russian Federation), 2010

Sourcing, structuring and funding of the Russian debut 1-year USD 60-million Islamic syndicated facility to provide Islamic financing to local Muslim entrepreneurs. The transaction was named ‘Europe Deal of the Year’ at the Islamic Finance News Awards 2011.

The advisory services aimed to kick start the development of financial instruments and activities in accordance with Islamic financial principles for Ak Bars Bank one of the largest Russian banks, headquartered in the Republic of Tatarstan.

The remit included:

  • the drawing up of a Concept Paper with indications of the main opportunities and instruments to raise Shariah-compliant finance, the key stages, the relevant internal adjustments needed by the bank, operational schemes and limitations for the allocation of raised finance
  • a Strategic Report highlighting the project plan for further actions for the development of Islamic banking in the Russian Federation
  • a Terms-Sheet and related documentation needed to raise Shariah-compliant syndicated finance and the scouting of possible investors
  • an effective communication policy with the use of new tools and methods for the profiling of the bank in the Muslim world

The deliverables included:

  • a Concept Paper
  • Taking Ak Bars Bank to the Islamic Capital Markets
  • Islamic Capital Market Players Grouped by Relevant Hubs
  • a video clip based on the principles of narratology
  • setting up Islamic finance events in the major world financial hubs, publications of articles in dailies and magazines
  • development of a prospectus for raising syndicated finance
  • Strategic Report
  • Terms Sheet and related documentation
  • Road Show
  • November 2014

    Turin Islamic Economic Forum (TIEF 2014)

  • November 2013

    Mediterranean Economic Forum and Workshop on Islamic Finance, 14th and 15th November, Malta

  • October 2013

    ASSAIF in Afghanistan - GOVERNANCE AND RISK IN ISLAMIC FINANCE

  • September 2013

    ASSAIF in Afghanistan - AREDP IN FOCUS: ISLAMIC MODES OF FINANCING

  • June 2013

    Workshop on Sukuk, the 24th-27th of June, Malta

  • January 2013

    Italian consultancy to help achieving a better future for Afghanistan

  • April 2012

    The World Congress of Muslim Philanthropists and the Global Donors Forum - Upgrading to Islam finance 2.0

  • March 2012

    Comunicato Stampa post-evento

  • March 2012

    Conferenza su 'Finanza Islamica opportunità per uno sviluppo inclusivo'

  • January 2012

    AK BARS Bank Islamic syndicated facility named 'Europe Deal of the Year

  • October 2011

    AK BARS Bank CIS debut Islamic syndicated facility going international

  • September 2011

    Stretching the boundaries of Islamic Finance -AK BARS Bank debut Islamic syndicated facility

  • May 2011

    Stretching the boundaries of Islamic Finance - Russia and Tatarstan joining the folk of Islamic finance

  • March 2011

    Stretching the boundaries of Islamic Finance – Islamic Philanthropy

  • January 2011

    Stretching the boundaries of Islamic Finance - The Takaful proposition

  • December 2010

    Stretching the boundaries of Islamic Finance the Russian initiative

  • November 2010

    Islamic Finance in EU growing slowly but surely

  • October 2010

    Stretching the boundaries of Islamic Finance: Italy and the Gulf

  • September 2010

    Stretching the boundaries of Islamic Finance: the European initiatives

  • July 2010

    Pushing the boundaries of Islamic finance: the 4th International Takaful Summit 2010

  • June 2010

    Pushing the boundaries of Islamic finance: Kazan and Istanbul events

  • May 2010

    Stretching the boundaries of Islamic Finance: Kuala Lumpur and Moscow events

  • March 2010

    Pushing the boundaries of Islamic finance: the Working Groups initiative

  • November 2009

    Events and publications

  • 6-7 July 2009

    Interest-free finance

  • 30 June-2 July 2009

    3rd International Takaful Summit 2009

  • 14 May 2009

    Norton Rose seminar in Milan

Share

Piero della Francesca, ‘La città ideale’, Italy XVI century