Azmi & Associates is pleased to have advised Export-Import Bank of Malaysia Berhad (“Bank”) in connection with an Islamic multi-currency financing facility amounting to USD23.6 million and RM4.5 million, structured under the Shariah principle of Tawarruq and Kafalah, granted to an engineering and strategic asset development company.

This strategic financing will facilitate the acquisition and refurbishment of a vessel, which will be chartered to the PETRONAS Group, reinforcing critical support for Malaysia’s oil and gas infrastructure and energy ecosystem. Our scope of work includes the registration of ship mortgage with the Jabatan Laut Malaysia in favour of the Bank and, the drafting and negotiation of Letter of Quiet Enjoyment for the Bank with PETRONAS Group.

The transaction was attended by our Firm’s Global Financial Services and Banking Practice Group, led by Partner Ahmad Syahir Yahya, with the support of Managing Associates, Abdullah Abbas Mohd Jefry and Nur Syahidah Athirah A..

This transaction further reflects the Firm’s continued involvement in significant financial services and Islamic finance transactions for banking and financial institutions, including vessel financing to support the oil and gas infrastructure of the nation.

Azmi & Associates extends its sincere appreciation to Export-Import Bank of Malaysia Berhad for its trust and collaboration and looks forward to supporting its clients in delivering impactful transactions in the future.

Corporate Communications
Azmi & Associates
7 April 2026