Crédit Agricole CIB offers a full range of products and services in capital markets, brokerage, investment banking, structured finance, commercial banking and international private banking.
» ISLAMIC BANKING
Crédit Agricole CIB at the heart of the development of Islamic banking
Our ability to serve our global client base is unparalleled. The Islamic team combines specific expertise across the range of strategic advice, risk management and capital raising with a specialised knowledge of Sharia.
A full range of Sharia compliant products and services
Crédit Agricole CIB, a recognised leader in the field of Islamic banking has been offering a broad range of Islamic financial services for many years.
Headquartered in Bahrain with a presence in Europe and Asia, the team works across all business lines to create financial instruments that allow Crédit Agricole CIB’s clients to invest and manage risk in today’s global financial markets using ShariaIslamic law as revealed in the Quran and through the example of Prophet Muhammad.
A Sharia compliant product meets the requirements of Islamic law.
Sharia Board is the committee of Islamic scholars available to an Islamic financial institution for guidance and supervision in the development of Sharia compliant products. compliant structures.
Crédit Agricole CIB’s Global Islamic Banking team has been involved in some of the most prominent projects in the Middle East that have earned the Bank an outstanding reputation in the market. By providing access to Islamic structures for conventional clients Crédit Agricole CIB facilitates the flow of capital between these two distinct financial sectors.
A Sharia compliant product meets the requirements of Islamic law.
Sharia Board is the committee of Islamic scholars available to an Islamic financial institution for guidance and supervision in the development of Sharia compliant products. compliant structures.
Crédit Agricole CIB’s Global Islamic Banking team has been involved in some of the most prominent projects in the Middle East that have earned the Bank an outstanding reputation in the market. By providing access to Islamic structures for conventional clients Crédit Agricole CIB facilitates the flow of capital between these two distinct financial sectors.
Crédit Agricole CIB Islamic Financing
Crédit Agricole CIB provides corporate clients, financial institutions and banks, as well as commodity and trading companies, with the optimum choice of financial products including short- and medium- term financing, foreign exchange, cash management, syndication, trade and structured finance, all delivered with personalised attention and quality service. We partner with clients to provide tailor-made solutions to assist them in achieving their goals.
Syndicated financing
Crédit Agricole CIB is one of the leading players in the Islamic syndicated financing market. The syndication team has the knowledge and experience to formulate, structure, and tailor syndication strategies to meet clients’ funding requirements. The Bank arranges and underwrites a variety of financing instruments for both financial institutions and corporates. Crédit Agricole CIB is well positioned to handle all Shari’a related issues in respect of a debt issuance. Its comprehensive database of syndicate banks means it can execute assignments within extremely tight deadlines. Islamic financing syndication is generally structured around the concept of TawarruqReversed MurabahaA form of credit which enables customers to make a purchase without having to take out an interest bearing loan. The bank buys an item and then sells it on to the customer on a deferred basis.
(Murabaha).
Project & Structured Finance
Crédit Agricole CIB is an international leader in project and structured financing, ranking regularly amongst the top five institutions in the world. Committed to meeting clients’ financing needs and objectives, the Bank has a proven track record in sourcing and structuring financing for complex international projects in power generation, infrastructure, water supply and treatment, oil and gas and mining.Based on the Istisn’a-Ijara A leasing agreement whereby the bank buys an item for a customer and then leases it back over a specific period
concept, Crédit Agricole CIB has closed several successful transactions in the Gulf to finance infrastructure, natural resources and energy projects. Project finance advisory is also a key function of the Bank for Islamically structured Project Finance deals.
Crédit Agricole CIB is an international leader in project and structured financing, ranking regularly amongst the top five institutions in the world. Committed to meeting clients’ financing needs and objectives, the Bank has a proven track record in sourcing and structuring financing for complex international projects in power generation, infrastructure, water supply and treatment, oil and gas and mining.Based on the Istisn’a-Ijara A leasing agreement whereby the bank buys an item for a customer and then leases it back over a specific period
concept, Crédit Agricole CIB has closed several successful transactions in the Gulf to finance infrastructure, natural resources and energy projects. Project finance advisory is also a key function of the Bank for Islamically structured Project Finance deals.
Export & Trade Finance
Crédit Agricole CIB assist its clients in running their cross-border business more efficiently, and offers a full range of trade finance services, including trade and cash facilities, import-export and structured trade finance, pre-export and receivables financing. Its teams handle all operational and Shari’a aspects. Its extensive branch network and the quality of correspondent relationships ensure worldwide coverage.
Crédit Agricole CIB assist its clients in running their cross-border business more efficiently, and offers a full range of trade finance services, including trade and cash facilities, import-export and structured trade finance, pre-export and receivables financing. Its teams handle all operational and Shari’a aspects. Its extensive branch network and the quality of correspondent relationships ensure worldwide coverage.
Bilateral facilities
Crédit Agricole CIB provides financing to its clients through Ijara (lease) or Murabaha (cost plus sale of commodities) structures. The Murabaha structure can also be employed for structured commodity finance.
Crédit Agricole CIB provides financing to its clients through Ijara (lease) or Murabaha (cost plus sale of commodities) structures. The Murabaha structure can also be employed for structured commodity finance.
Crédit Agricole CIB can provide Islamic products to facilitate trade and cash management. The Bank can also finance international and domestic market expansion, receivables and any other trade-related financing needs.
Crédit Agricole CIB also provides Shari’a compliant financing solutions in commodity finance, acquisition & leveraged finance, telecom & media finance and real estate.
Islamic Capital Markets detailed offer
Across the region and throughout the world, Crédit Agricole CIB’s product range provides investment and hedging solutions for currency and profit/funding rates and for credit and equity markets.
Crédit Agricole CIB is at the forefront of product development and innovation, helping our clients to manage risk effectively and to optimise their financial performance. We work closely with clients to deliver bespoke solutions that meet their specific needs in a broad range of regional currencies.
Currency structures
Crédit Agricole CIB is an active participant in the global currency markets offering an extensive range of foreign exchange products. The Bank has developed a range of Islamic investment and risk management products including,Cross Currency SwapDerivative transaction in which two counterparties agree to exchange the cash flows linked to the performance of two underlyings, for example one interest rate versus another (Interest Rate Swap) or one currency versus the other.s, currency outrights and currency options.
Profit rate structures
Crédit Agricole CIB provides borrowers with a wide range of hedging and cost reduction solutions including Profit Rate Swaps (Sharia compliant interest rate swaps) through a set of Murabahas, investors can hedge investment rate risk by entering into a profit rate swap.
Crédit Agricole CIB offers Foreign Exchange SwapsThese Sharia Compliant Swaps using Murabahas in different currencies offer investors protection against currency rate fluctuation. , Cross Currency SwapsThis Islamic swap allows investors to mitigate the risk associated with any future fixed or floating rate payments through Murabahas between Crédit Agricole CIB and the investor. , FX Wa'adSharia compliant foreign exchange option. Through use of a Wa'ad (unilateral promise) clients secure the right to exchange currencies with the bank at an agreed rate on an agreed date in the future. Client pays a fee to the bank to secure the promise. This product is for hedging or cost reduction purposes only and not for speculation. , and Islamic FX OutrightSharia compliant foreign exchange outright. Through unilateral Wa'ads, Crédit Agricole CIB and the investor undertake to exchange two currencies on a future date at a pre-agreed rate..
Equity Structures
Our equity teams are involved in the trading, sale and arbitrage of equity index products. Working closely with the equity professionals in Crédit Agricole CIB, the Islamic banking team has created products that provide investments with similar risk and return profiles as the conventional equity products whilst meeting Sharia criteria.
Crédit Agricole CIB is at the forefront of product development and innovation, helping our clients to manage risk effectively and to optimise their financial performance. We work closely with clients to deliver bespoke solutions that meet their specific needs in a broad range of regional currencies.
Currency structures
Crédit Agricole CIB is an active participant in the global currency markets offering an extensive range of foreign exchange products. The Bank has developed a range of Islamic investment and risk management products including,Cross Currency SwapDerivative transaction in which two counterparties agree to exchange the cash flows linked to the performance of two underlyings, for example one interest rate versus another (Interest Rate Swap) or one currency versus the other.s, currency outrights and currency options.
Profit rate structures
Crédit Agricole CIB provides borrowers with a wide range of hedging and cost reduction solutions including Profit Rate Swaps (Sharia compliant interest rate swaps) through a set of Murabahas, investors can hedge investment rate risk by entering into a profit rate swap.
Crédit Agricole CIB offers Foreign Exchange SwapsThese Sharia Compliant Swaps using Murabahas in different currencies offer investors protection against currency rate fluctuation. , Cross Currency SwapsThis Islamic swap allows investors to mitigate the risk associated with any future fixed or floating rate payments through Murabahas between Crédit Agricole CIB and the investor. , FX Wa'adSharia compliant foreign exchange option. Through use of a Wa'ad (unilateral promise) clients secure the right to exchange currencies with the bank at an agreed rate on an agreed date in the future. Client pays a fee to the bank to secure the promise. This product is for hedging or cost reduction purposes only and not for speculation. , and Islamic FX OutrightSharia compliant foreign exchange outright. Through unilateral Wa'ads, Crédit Agricole CIB and the investor undertake to exchange two currencies on a future date at a pre-agreed rate..
Equity Structures
Our equity teams are involved in the trading, sale and arbitrage of equity index products. Working closely with the equity professionals in Crédit Agricole CIB, the Islamic banking team has created products that provide investments with similar risk and return profiles as the conventional equity products whilst meeting Sharia criteria.
Treasury & Structured products
Crédit Agricole CIB offers a range of capital protected investment products that provide investors with an opportunity to enjoy the performance of a range of Shari’a compliant underlying assets classes. In addition, Crédit Agricole CIB is a leading provider of high yield investment structures in deposit format.
Crédit Agricole CIB offers a range of capital protected investment products that provide investors with an opportunity to enjoy the performance of a range of Shari’a compliant underlying assets classes. In addition, Crédit Agricole CIB is a leading provider of high yield investment structures in deposit format.
Commodity hedging
Crédit Agricole CIB tailors for its clients a large range of solutions to mitigate the risks associated to commodities (Energy, base metals and soft commodities) in different Shari’a compliant formats.
Crédit Agricole CIB tailors for its clients a large range of solutions to mitigate the risks associated to commodities (Energy, base metals and soft commodities) in different Shari’a compliant formats.
Debt capital markets
Crédit Agricole CIB is a major player in the debt capital markets on a worldwide basis. For SukukIslamic Bond. Similar to an asset backed bond, Sukuk is a form of commercial paper that provides an investor with ownership in an underlying asset, and a return based on this ownership. The issuing entity needs to identify existing assets to sell to the Sukuk investors, via transference to an SPV.
The Sukuk investors then have a proportionate beneficial ownership in these assets. Investors typically take on the credit risk of the issuer rather than real asset risk on the assets owned by the SPV.
Sukuks can be listed and rated, though this is not necessary, depending on the target investor market. Sukuks are typically issued by corporate issuers, and some Financial Institutions, and also by Governments (Bahrain, Malaysia, Pakistan).
(Islamic Bond) its dedicated team of originators located in the Gulf works with clients to provide the best solution to tap this important source of liquidity. On securitisation, Crédit Agricole CIB is already a market leader in the Gulf, and can tailor a specific solution on RMBS, CMBS or specialised assets.
Crédit Agricole CIB is a major player in the debt capital markets on a worldwide basis. For SukukIslamic Bond. Similar to an asset backed bond, Sukuk is a form of commercial paper that provides an investor with ownership in an underlying asset, and a return based on this ownership. The issuing entity needs to identify existing assets to sell to the Sukuk investors, via transference to an SPV.
The Sukuk investors then have a proportionate beneficial ownership in these assets. Investors typically take on the credit risk of the issuer rather than real asset risk on the assets owned by the SPV.
Sukuks can be listed and rated, though this is not necessary, depending on the target investor market. Sukuks are typically issued by corporate issuers, and some Financial Institutions, and also by Governments (Bahrain, Malaysia, Pakistan).
(Islamic Bond) its dedicated team of originators located in the Gulf works with clients to provide the best solution to tap this important source of liquidity. On securitisation, Crédit Agricole CIB is already a market leader in the Gulf, and can tailor a specific solution on RMBS, CMBS or specialised assets.
Crédit Agricole CIB Shari'a Committee
A Sharia Board consisting of independent Scholars advise Crédit Agricole CIB on matters related to Sharia. The Sharia Committee comprises the following highly respected and experienced scholars:
back to top
- Sheikh Nizam S. YaqubySheikh Nizam S. Yaquby is an internationally acclaimed scholar in the Islamic banking industry. He has been a teacher of Tafsir (Interpretation of the Quran) since 1976, and has advised a number of banks and financial institutions on matters pertaining to Islamic banking and finance, acting as an independent consultant based in Bahrain. He holds a BA in Economics and Comparative Religion from McGill University (Canada).
- Dr. Mohamed Ali ElgariDr. Mohamed Ali Elgari is an expert at the Islamic Jurisprudence Academies of the Organization of Islamic Countries and the Islamic World League.
- Dr. Abdul Sattar Abu GhuddahDr. Abdul Sattar Abu Ghuddah holds the position of Sharia Advisor and Director, Department of Financial Instruments at AI-Baraka Investment Co. of Saudi Arabia.
View the interview of Simon Eedle, Global Head Islamic Banking
To contact us : islamic@ca-cib.com
Islamic banking has the same underlying purpose as conventional banking but it operates in accordance with the rules of Sharia. The basic principle of Islamic banking is the sharing of risk, profit and loss and the prohibition of riba (interest) and gharar (uncertainty).