Partner

Rashid is a Partner in the Financial Services Department of Rahmat Lim & Partners.

His principal area of practice is banking and finance. He has acted for financial institutions and major corporates on a wide spectrum of financing transactions including domestic and cross-border bilateral and syndicated loans, acquisition and project financing, aviation financing, Islamic financing and debt restructuring. He also advises on companies and securities laws, as well as assisting financial institutions in the development of a variety of structured products.

Rashid is recognised as a Highly Regarded lawyer in Islamic Finance in IFLR1000. In The Legal 500 Asia Pacific, Rashid has been endorsed by peers and clients for being “very patient, resourceful and always ready to advise on any legal issues”.

Prior to joining Rahmat Lim & Partners, he was a practicing accountant and was an associate member of the Association of Chartered Certified Accountants. He also holds a Diploma in Islamic Finance certified by the Chartered Institute of Management Accountants.

Work Highlights

  • Advised Maybank Investment Bank Berhad and RHB Investment Bank Berhad as the joint principal advisers, joint lead arrangers and joint lead managers in relation to the issuance of Islamic medium term notes by Sarawak Petchem Sdn. Bhd. pursuant to an Islamic medium term notes programme of up to RM6.0 billion in nominal value based on the Shariah principle of Wakalah Bi Al-Istithmar.
  • Advised the financiers in connection with the syndicated Shariah-compliant facilities of up to RM2.0 billion based on the Shariah principle of Murabahah (via Tawarruq arrangement) obtained by Malayan Cement Berhad to part fund the acquisition of certain subsidiaries of YTL Cement Berhad.
  • Advised a syndicate of lenders in respect of the multi-currency financing of the acquisition of McDonald’s Restaurants Pte. Ltd. and Golden Arches Restaurants Sdn. Bhd. (the holders of the franchise rights for the McDonald’s restaurants in Singapore and Malaysia respectively) by a consortium of investors comprising Qatar’s Al-Mana Group and Saudi Arabia’s Reza Group.

Publications