AVP - Investment Banking
Sharjah Islamic Bank
Total years of experience :21 years, 5 Months
• Leading Islamic bank of UAE having asset base of USD 6 billion, branch network of 28 locations across the UAE
• Extensive buy and sell side capital markets experience including Sukuk Issuance, Syndications and placements
• Led establishment of SIB Sukuk Programme and have issued two Sukuk worth USD 500 million in 2013 and USD 400 million in 2011. Tasks included handling matters related to the approvals, structuring, disclosures, presentations, management etc. The parties dealt with included lawyers, bookrunners, joint lead managers, structuring advisors, regulators and investors
• Managing USD 600 million fixed income / sukuk portfolio comprising of investment grade papers offering excellent coupon and capital gains for the bank; SIB is an active participant in the primary Sukuk issuances market enjoying excellent relations with market makers like HSBC, SCB, Credit Agricole, Morgan Stanley, DIB, ADIB, NBAD etc.
• Execution of Sukuks, Syndications and debt capital markets transactions which include entities like utility companies, airports, chambers of commerce, government departments etc
• Responsible for relationship with Credit Rating Agencies like Moody’s, S&P and Fitch Ratings that have issued Investment Grade ratings
• Extensive due diligence of investment opportunities
• Preparing briefs for Board of Directors and Executive Committee of the Board
• Drafting legal communications & collaboration with external legal counsels like Hogan Lovells, Dentons, Clifford Chance etc
Independent Shari'ah Compliant product structuring firm developing innovative investment products from sourcing to structuring to launching to placement of Islamic funds
Shariáh audit of three innovative Islamic funds.
Product Structuring of IDFC Arzak Fund, GAIA Resources Fund and two other private investment funds with GP/LP structure
Interface with fund managers in diverse geographies like Korea, China, Hong Kong, Malaysia, India, Europe and North America. These include renowned names like KBC Asset Management, Schroders, Daiwa Investments, STIC Investments, Infrastructure Development Finance Corporation of India, Tricon Trade Management etc.
Licensing with the Dubai Financial Services Authority (DFSA)
Tabarak has been granted a category 4 license to operate from the Dubai International Finance Center (DIFC).
Interface between regulator, legal advisor, external auditors, compliance services provider and the partners
Development of systems and procedures, preparation of manuals and other regulatory requirements for authorization from the regulator
Development of marketing campaign for partnership including dynamic website, regular newsletters and database platform
Development of Company Profiles and Products Presentations
Speaker at a number of conferences on Islamic Finance
Joined Pak-Kuwait as a Management Trainee rising to the position of Assistant Vice President within 2.25 years
Part of the team that looked after Research and Operations of the Capital Markets Department focusing on buy side research. Also co-opted to Investment Banking Department providing buy side advisory to a number of clients.
Responsible for making research updates on listed companies of stock exchange. The research done is secondary in nature but covers a wide spectrum. Have also developed a comprehensive daily update for circulation amongst senior management and selected subscribers.
Sectors covered include: Cements, Telecoms, Autos, Oil Exploration & Production, Oil & Gas Marketing, Food & Allied, Mutual Funds, Banks, Leasing & Modarabas and overall views on the economy.
Developed a daily update in which brokers recommendations are compiled on a half hourly basis and discussed with the trading team. The update was called “What Brokers Say”.
Part of the team set up by PKIC to provide buy side advisory to the consortium of KUFPEC/MOL for the privatization of Pakistan Petroleum Limited.
Part of Investment Banking team set to provide buy side advisory to Noor Financial Investment Company of Kuwait for the acquisition of Pakistan Steel Mills and Pak American Fertilizers.
Additionally responsible for making business plans, feasibilities and studies of regulations governing formation of new capital market related ventures by PKIC. Till now work has been done on feasibility and business plan of the Asset Management Company, PKIC is planning to launch.
Portfolio realignment in accordance to SBP regulations in marking to market of portfolios and changeover from HFT to AFS portfolios.
Regular presenter of PKIC profiles to visiting dignitaries
Responsible for corporate marketing activities
Business Manager for the deployment of KSEOnline.com (now known as AMZTrade.com), a stock trading portal launched in September 2003, in collaboration with AMZ Securities and VIS
Responsible for the setting up Wavetech’s Connectivity division that provides turnkey solutions for ISP’s in setting up DVB/IP Downlink Circuits through various Satellites.
Project Manager on an AT&T sub contract that involves linking locations in Middle East. Current projects involve Dubai-Abu Dhabi and Riyadh-Dhahran via Fiber Optics
Second position in second semester