Islamic Finance News (IFN) has named Qatar Islamic Bank’s $500 million Murabaha financing provided to Shoreline Natural Resources Limited as the IFN Nigeria Deal of the Year 2025 and the IFN Cross Border Deal of the Year. The transaction has also been shortlisted for the IFN Overall Deal of the Year 2025 Award.
Udo Udoma & Belo-Osagie is pleased to have advised Qatar Islamic Bank on this benchmark Shari’ah-compliant financing, tailored to the regulatory, commercial, and operational realities of Nigeria’s upstream oil and gas sector.
The landmark transaction combined Islamic finance, project finance, restructuring, and petroleum regulatory expertise to support the sustainable operation and refinancing of strategic Nigerian oil and gas assets.
The UUBO deal team was led by Adeola Sunmola, Islamic finance specialist and Partner in the Project Finance, Energy & Infrastructure, Banking & Finance, and Compliance & Investigations practice groups, with valuable support from Senior Associate Abolanle Ayoola.
Specialist petroleum regulatory expertise was provided by our Oil & Gas team, led by Folake Elias-Adebowale, team head and Partner in our M&A, Private Equity, and Compliance & Investigations practice groups, alongside Noble Chinwendu.
Visit www.uubo.org for more information about our practice area offerings.
