San Francisco, USA- Cairo, Egypt March 22nd, 2012.
Idealratings with its widespread network of clients in more than 12 countries and Ibrachy as one of the most prominent legal firms in Egypt with an extensive experience in the Islamic Finance arena signed a partnership agreement to offer Sharia Services Cooperation (SSC) to the financial institutions in the Egyptian market. The new alliance will offer services ranging from Shariah advisory through IdealRatings specialized advisory partners across the world along with legal consultation and Islamic product structuring besides the unique offering of Shariah screening and purification covering the global capital market.
Ashraf Elibrachy, partner at Ibrachy “Egypt has been lagging behind its peer countries to offer Shariah compliant products for the last three decades but we are anticipating a phenomenal growth in the coming years to catch up with the massive local demand. IdealRatings is the one and only partner we can think of for their remarkable success stories over the past few years on the global scale in helping Islamic Finance professionals and additionally the local presence they do have in Cairo”
Mohamed Donia, CEO of IdealRatings “We are seeing Islamic banking and Shariah compliant offerings to kick off in the Egyptian market backed by huge appetite for Egyptians to invest according to Shariah which can secure at least few years of growth for the soon to be newly founded industry in Egypt. Ibrachy law firm with its highly qualified and specialized experts in various areas of the Islamic Finance industry can definitely complete IdealRatings vision to pave the way for all financial institutions interested to have Islamic offerings”
About Ibrachy Law Firm
Ibrachy Law Firm is a legal practice based in Cairo, Egypt, that mainly specializes in Banking and Finance both Islamic and conventional, Mergers and Acquisitions, Capital Markets and International Arbitration.
Ibrachy’s Islamic finance team has a deep understanding of Islamic finance principles, techniques, structures and products and draws on extensive experience in related fields including corporate and structured finance, acquisition finance, project finance, asset-based finance transactions and securitization.
For more information, please visit: www.ibrachy.com