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Ahmad Lutfi Abdull Mutalip

Lutfi graduated from the International Islamic University Malaysia with an LL.B (Hons.) in 1995. He spent the term of his pupilage with Messrs Allen & Gledhill and was admitted to the Malaysian Bar in 1996. Lutfi has also obtained his professional qualification from the Institute of Chartered Secretaries and Administrators (ICSA) and graduated from the Institute in February 1996.

He joined Messrs Hisham, Sobri & Kadir in Aprill 1996 and had advised various clients in numerous exercises ranging from private debt securities, syndicated financing, structured & project financing, privatization and build-operate-transfer/build-operate-own projects including water privatization, mergers & acquisitions, energy & power related transactions, oil & gas, joint ventures to telecommunication projects and building contracts. He became a partner of Hisham Sobri & Kadir Advocates & Solicitors in January 2000. He is a founding partner of Azmi & Associates.

Amongst his notable assignments include:

  1. Advising AmInvestment Bank Berhad, CIMB Investment Bank Berhad and HSBC a Bank Malaysia Berhad (Joint Arrangers) on the issuance of up to RM2.5 Billion Murabahah Commercial Papers by a company involved in ship-owning, ship-operating and other activities relating to shipping service (2007);
  2. Advising Affin Investment Bank Berhad on the issuance of RM180 Million of Medium Term Sukuk al-Ijarah Programme comprising RM150 Million Senior Sukuk and RM30 Million Junior Sukuk by a company involved in the construction of telecommunication towers;
  3. Advising Affin Investment Bank Berhad on the issuance of RM738 Million of Fixed Serial Bonds and RM360 Million of Medium Term Notes Programme by a company involved in investment holding activities (2006);
  4. Acting as Local Counsel for a syndicated term loan of USD 230 Million granted by a syndicate of lenders comprising off-shore banks and local commercial banks;
  5. Advising a few institutions as syndicate participants in their Ringgit Malaysia RM95 Million Financing Facilities favouring a full-pledged water concessionaire in Malaysia, consisting of RM50 Million Al-Istisna’ Facility and RM45 Million Al-Ijarah Al-Muntahiyah Bit-Tamlik Facility;
  6. Advising Merrill Lynch Business Financial Services Inc., Merrill Lynch Capital Division on USD8.725 Million financing facility to finance the purchase of an aircraft by Malaysian company;
  7. Advising Kuwait Finance House (Malaysia) Berhad on Murabahah facility of RM35 Million in favour of a public listed company involved in construction;
  8. Advising a foreign bank based in Bangkok, Thailand for a USD5 Million loan granted to a Malaysian company;
  9. Advising Bank Islam Malaysia Berhad on revolving trade line facilities of up to RM10 Million in favour a company involved supplying of petroleum products;
  10. Advising an Islamic Bank in developing common draft documentation for its newly launched Islamic cash line financing and personal financing based on the Shari’ah concept of Tawarruq.
  11. Advising an Islamic Bank in developing common draft documentation for its newly launched Islamic profit rate swap based on the Shari’ah concept of Tawarruq.
  12. Advising an Islamic Bank in developing common draft documentation for its newly launched fixed-variable rate Islamic home financing.
  13. Advising Petroliam Nasional Berhad (Petronas) in converting their staff conventional vehicle loan to Islamic vehicle scheme and the scheme has been launched in 2005.
  14. Advising the promoter of investment fund to establish a fund amounting to RM100 million with the purpose of investing in technology companies.
  15. Advising the promoter of investment fund to establish a fund amounting to RM1 billion with the purpose of investing in the accelerated growth of privately-owned small and medium enterprises.
  16. Advising the issuer, Ingress Sukuk Berhad and its holding company on the issuance of RM160 million Sukuk al-Ijarah being the 1st ringgit denominated Sukuk in Malaysia. This is the first Sukuk Al-Ijarah issuance which came under the purview of the Malaysian Securities Commission;
  17. Advising the national utility company on the divestment exercise involving the largest power station in Malaysia situated at Kapar, Selangor to a prospective investor; 
  18. Advising a Malaysian oil company in the Implementation Agreement for the setting up of a Implementation Agreement for the setting up of a Liquefied Petroleum Gas terminal on a B-O-T basis at Port Muhammad Bin Qassim, Pakistan;
  19. Advising a consortium of Malaysian contractors on a joint venture for the office refurbishment in Bosnia Harzegovina with a Bosnian State-owned corporation;
  20. Advising national electricity company, as the major equity holder of the consortium, for the privatisation of Lembaga Letrik Sabah;
  21. Advising a project sponsor for the district cooling and co-generation system and electrical distribution system of Kuala Lumpur Sentral;

Lutfi has also presented a number of papers at various seminars on Islamic Banking in Malaysia and Singapore.

Lutfi became a partner of the Firm in January 2000. Lutfi has also attended a course entitled “Building Knowledge and Expertise in Infrastructure Finance” organized by the World Bank Institute held in Washington DC from June to July 2000.

Lutfi is a partner of Azmi & Associates and is responsible for the development of the Financial Services Practice Group and the Mergers, Acquisitions and New Ventures Practice Group.