Walkers Acts on First Ever Sharia-Compliant RMBS to List on ISE

Congratulations to Al Rayan Bank on the first ever sharia-compliant RMBS deal, Tolkien Funding Sukuk No.1 plc.  Walkers' Irish office was delighted to act as listing agent to this £250m ground-breaking asset-backed sukuk transaction which listed on the Irish Stock Exchange today, 22 February 2018 and which reflects a successful blend of Islamic finance and securitisation. Many congratulations to all parties involved including Al Rayan Bank, Standard Chartered Bank, Norton Rose Fulbright LLP, Clifford Chance LLP, Allen & Overy LLP and U.S. Bank.

Therese RedmondHead of Listing ServicesT +353 1 470 6645 therese.redmond@walkersglobal.com
Ken FoleySenior Listing ExecutiveT +353 1 470 6672ken.foley@walkersglobal.com