global islamic banking

GLOBAL ISLAMIC BANKING
A rich history,
an ambitious future
Crédit Agricole CIB Global Islamic Banking n
Crédit Agricole CIB Global Islamic Banking n
Crédit Agricole Group has been present in South East Asia and the Middle
East for more than 50 years. Crédit Agricole’s in-depth knowledge of
these markets is enhanced by its solid partnerships with local investors
and corporate clients. Through its local and regional branches, Crédit
Agricole offers comprehensive Corporate and Investment Banking services
to its clients in the Middle East, South East Asia, and beyond.
Western Europe
North America
Central and Eastern Europe
Austria
Norway
Belgium
Netherlands
Finland
Portugal
France
Poland
Czech Republic
Hungary
Kazakhstan
Germany
Spain
Sweden
Canada
Greece
Switzerland
Slovakia
United States
Italy
United Kingdom
Ukraine
Russia
Luxembourg
Monaco
Brazil
Mexico
Uruguay
Venezuela
Hong Kong
India
Indonesia
Malaysia
Philippines
Algeria
Argentina
Australia
China
Japan
Africa and the Middle East
South America
Asia Pacific
Singapore
Bahrain
South Korea
Iran
Taiwan
Israel
Thailand
Lebanon
Libya
Vietnam
Saudi Arabia
South Africa
Tunisia
Turkey
United Arab Emirates
Yemen
Crédit Agricole is a major player
in the global financial markets,
with its high ratings and solid
financial position. It is one of
Europe’s leading financing and
investment houses.
1975
Merger of Banque de Suez and
Banque de l’Indochine to form
Banque Indosuez.
1996
Acquisition of Banque Indosuez
by Crédit Agricole to create its
wholesale international banking
arm.
May 2003
Successful combined friendly
takeover bid for Crédit Lyonnais
by Crédit Agricole.
May 2004
Creation of Calyon, the new brand
and corporate name of the Crédit
Agricole group’s corporate and
investment banking business,
through the partial transfer of assets
from Crédit Lyonnais to Crédit
Agricole Indosuez.
February 2010
Calyon becomes Crédit Agricole CIB.
Crédit Agricole CIB Global Islamic Banking n
Crédit Agricole CIB Global Islamic Banking n
Crédit Agricole SA, one of the world’s largest banks, has leading
positions in the following business lines: Retail Banking, Specialised
Financial Services, Asset Management, Corporate and Investment
Banking, and International Retail Banking.
Crédit Agricole is the
World’s No. 13 Bank
by Tier One Capital...
Source: The Banker, July 2010
… and No. 3 Bank
by Total Assets
Top 20 by Tier One Capital
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
2009 (year-end)
Bank
Bank of America Corp
JP Morgan Chase & Co
Citigroup
Royal Bank of Scotland
HSBC Holdings
Wells Fargo & Co
Industrial Commercial Bank of China
BNP Paribas
Banco Santander
Barclays
Mitsubishi UFJ Financial Group
Lloyds Banking Group
Crédit Agricole Group
Bank of China
China Construction Bank Corporation
Goldman Sachs
UniCredit
Groupe BPCE
Société Générale
Deutsche Bank
(USD million)
160 388
132 971
127 034
123 859
122 157
93 795
91 111
90 648
81 578
80 449
77 218
77 034
75 504
73 667
71 974
64 642
56 245
54 141
49 990
49 576
Top 20 by Total Assets
Rank
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
2009 (year-end)
Bank
BNP Paribas
Royal Bank of Scotland
Crédit Agricole Group
HSBC Holdings
Barclays
Bank of America Corp
Deutsche Bank
JP Morgan Chase & Co
Mitsubishi UFJ Financial Group
Citigroup
Industrial Commercial Bank of China
ING Bank
Lloyds Banking Group
Banco Santander
Mizuho Financial Group
Groupe BPCE
Société Générale
China Construction Bank Corporation
UniCredit
UBS
(USD million)
2 964 983
2 749 572
2 440 634
2 364 452
2 234 893
2 223 299
2 162 340
2 031 989
2 025 830
1 856 646
1 725 938
1 676 719
1 664 919
1 600 186
1 556 810
1 482 424
1 475 073
1 409 355
1 338 270
1 300 231
Crédit Agricole CIB Global Islamic Banking n
Crédit Agricole
Global Islamic Banking
The emergence of Islamic financial services is one of the most
important trends in the financial markets, with total funds estimated
between $500 billion to $1 trillion globally. Islamic Banking evolved
in order to create an alternative financial system to conventional
banking. Islamic Banking is an ethical and equitable mode of finance.
Islamic Banking has a similar purpose to
ethical banking but operates in accordance with the rules of Islamic law
(Shariah). The basic principle of Shariah
is the sharing of profit and loss and the
prohibition of riba (interest).
Although Islamic Banking evolved to
provide a viable and shariah-compliant
alternative to conventional finance, it
has now become the fastest growing
segment in financial markets across
Asia, Africa and Europe. Crédit Agricole
has been offering a broad range of
Islamic financial services and banking
activities for many years, and in 2004
set up a dedicated Islamic Banking
team in Bahrain.
Crédit Agricole Global Islamic Banking
provides the advantages of an innovative
and effective range of Islamic investment
and risk management products supported
by an AA-rated international bank with a
historic presence in the Middle East and
Asia. Our Islamic financial instruments
are developed in close cooperation
with our board of Shariah scholars. The
Shariah board is comprised of three
leading and respected scholars in the
field of Islamic Banking.
Headquartered in Bahrain, with global
coverage including Europe, Asia and
North America, our team works across
all business lines in the bank to create
finan­c ial instruments that allow our
clients to invest and manage risk in
today’s global financial markets using
Shariah-compliant structures.
In addition, by providing Islamic structures to conventional clients we facilitate
the flow of capital between these two
distinct financial sectors.
Our Shariah Advisory Board:
Crédit Agricole’s Shariah Advisory Board consists of independent Shariah scholars
who advise Crédit Agricole on matters related to Shariah. This board is comprised of:
Sheikh Nizam S. Yaquby
Dr. Mohamed Ali Elgari
Dr. Abdul Sattar Abu Ghuddah
Bahrain
Saudi Arabia
Syria
Crédit Agricole CIB Global Islamic Banking n
Crédit Agricole, a recognized global leader, has a strong background
in assisting Islamic institutional investors with their financing and
capital markets needs within the GCC*, Asia Pacific and Europe. 
Crédit Agricole’s Global Islamic Banking team has been involved in
some of the most prominent projects in the Middle East that have
earned it an outstanding reputation in the market. Our ability to serve
our global client base is unparalleled. Our Islamic team combines
specific financial product expertise across the range of strategic advice,
risk management and capital raising with a specialised knowledge
of Shariah.
Commercial Banking
Syndicated Financing
Crédit Agricole provides corporate clients,
financial institutions and banks, as well
as commodity and trading companies,
with the optimum choice of financial
products including short- and mediumterm financing, foreign exchange, cash
management, syndication, trade and
structured finance, all delivered with
personalized attention and quality
service. We partner with our clients to
provide tailor-made solutions to assist
them in achieving their goals.
Our syndications team has the knowledge
and experience to formulate, structure,
and tailor syndication strategies to meet
our clients’ funding requirements. We
arrange and underwrite a variety of
financing instruments for both financial
institutions and corporations. Our comprehensive database of syndicate banks
means we can execute assignments
within extremely tight deadlines. We also
cater to individual requirements including
hedging, funding and currency rate risks.
Financial institutions enjoy bespoke
services with dedicated teams catering
to their requirements. Specialised teams
also offer expertise to financial sponsors and to companies in the energy,
telecom, aviation, shipping and real
estate fields. In each of these fields our
international presence has given us an
in-depth understanding of global markets
combined with an invaluable local insight
for our customers. Our dedicated specialists assist our clients in their local and
international development by providing
innovative financing solutions and advisory services.
Trade Finance
To assist our clients in running their
cross-border business more efficiently,
Crédit Agricole offers a full range of trade
finance services, including trade and cash
facilities, import-export and structured
trade finance, pre-export and receivables financing. Our teams handle all
operational and Shariah aspects and
our extensive branch network and the
quality of our correspondent relationships ensure worldwide coverage and
assistance to our clients.
*GCC: Gulf Cooperation Council, members are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.
Crédit Agricole CIB Global Islamic Banking n
Commodity Finance
Acquisition & Leveraged Finance
Crédit Agricole has a wealth of commodity expertise. Our team provides a
wide spectrum of services, including
import and export trade finance, structured trade finance, confirmation of
trade-related bank risks, financing and
receivables and storage.
Crédit Agricole provides a variety of
innovative, complex and integrated
financing solutions to support financial
sponsors and corporates in their acquisition plans. Crédit Agricole has positioned itself as a major player in emerging markets.
Export Finance
Telecom & Media Finance
With a global team close to 100 people,
Crédit Agricole’s export finance department provides corporate customers with
competitive tailor-made financing solutions. Such solutions leverage our regional expertise and our extensive track
record in structuring and underwriting
export financing packages in various
fields including trans­portation, telecommunications, power and infrastructure.
Our expertise in telecom and media
financing covers virtually all aspects
of telecommunications infrastructures.
To meet our clients’ requirements, we
provide structured financing solutions,
including debt arranging and under­
writing, financial structuring, project
risk evaluation, capital markets services,
financial modeling and advisory services.
Real Estate
Project & Structured Finance
Crédit Agricole is an international leader
in project and structured financing, ranking regularly amongst the top five financial
institutions in the world. We are com­
mitted to meeting our clients’ financing
needs and objectives and have 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.
Crédit Agricole has developed an indepth knowledge of the real estate market
enabling us to offer our clients unrivaled
global expertise. We provide our clients
with an extensive range of solutions.
These include advisory services (on
mergers, acquisitions and development
strategy), debt instruments (corporate and
structured finance, asset backed financing and syndication), profit rate products
(swaps), and asset/liability engineering
(securitisation and deconsolidation).
Crédit Agricole CIB Global Islamic Banking n
Fixed Income Markets
nTreasury & Structured Products. We
One of the foundations of our business;
FIM is committed to the provision of
Islamic capital markets products to our
clients across the region and throughout
the world. Our product range provides
investment and hedging tools for currency and profit/funding rates, and for
credit and equity markets.
offer a range of capital protected
investment products that provide
investors with an opportunity to enjoy
the performance of a range of underlying asset classes. In addition, Crédit
Agricole is a leading provider of highyield investment structures in deposit
format.
Crédit Agricole Global Islamic Banking is
at the forefront of product development
and innovation, helping our clients to
manage risk effectively and to optimise
their financial performance.
nDebt Capital Markets. Crédit Agricole
We work closely with our clients to
deliver bespoke solutions that meet their
specific needs in a broad range of
regional currencies.
Our product range includes:
nCurrency Structures. Crédit Agricole
is an active participant in the global
currency markets offering an extensive
range of foreign exchange products.
We have developed a range of Islamic
investment and risk management products that include cross currency swaps,
currency outrights and currency options.
nProfit Rate Structures. Crédit Agri-
cole provides borrowers with a wide
range of hedging and cost reduction
solutions, including profit rate swaps.
is a major player in the debt capital
markets on a worldwide basis. For
Sukuk our dedi­cated team of originators located in the GCC will work with
you to provide the best solution to tap
this important source of liquidity. On
securitisation, we are already a market
leader in the GCC, and can tailor a
specific solution on RMBS, CMBS or
specialised assets.
nCommodity Hedging. Crédit Agricole
has tailored for its clients a large range
of solutions to mitigate the risks associated to commodities (energy, base
metals and soft commodities).
Crédit Agricole CIB Global Islamic Banking n
Crédit Agricole CIB Global Islamic Banking n
Global Islamic Awards
Crédit Agricole CIB has been presented the following awards
for landmark transactions between 2008 and 2010:
Deal of
the Year
2010
Islamic Bond
Award
2009
Most Improved
Islamic Finance
House 2009
Best Project
Finance Deal
2010
Best Islamic
Project Finance
Deal 2009
Best Islamic
Project Finance
House 2009
Most Innovative
Islamic Finance
Deal 2009
9
Project Finance
Deal of the Year
2008
Bahrain Deal
of the Year
2008
Project Finance
Deal of the Year
2008
Syndicate Deal
of the Year
2008
Contacts
Crédit Agricole Corporate and Investment Bank
P.O. Box 5410, Manama, Kingdom of Bahrain
Simon Eedle
Global Head
Islamic Banking
Direct Line: +973 1756 2723 (Bahrain Office)
Direct Line: +971 43 295 461 (Dubai Office)
email: [email protected]
Elyas Al Gaseer
Deputy Head
Islamic FIM
Tel: +973 1756 2737
Fax: +973 1756 2710
email: [email protected]
Saad Rahman
Executive Director
Financing & DCM
Tel: +973 1756 2707
Fax: +973 1756 2710
email: [email protected]
Ali Karim
Managing Director
Islamic Financial Institutions Coverage
Tel: +973 1758 2745
Fax: +973 1756 2710
email: [email protected]
Tarek Bachnak
Director
Financing & DCM
Tel: +973 1756 2747
Fax: +973 1756 2710
email: [email protected]
Belqis Mutin
Associate Director
FIM & Complex Transactions
Tel: +973 1758 3804
Fax: +973 1756 2710
email: [email protected]
Jewan Naqi
Senior Associate
Islamic FIM
Tel: +973 1758 3804
Fax: +973 1756 2710
email: [email protected]
Ahmed Hameed
Associate
Global Islamic Banking
Tel: +973 1756 2705
Fax: +973 1756 2710
email: [email protected]
EUROPE
Crédit Agricole Corporate and Investment Bank
Broadwalk House, 5 Appold Street, London EC2A 2DA, United Kingdom
Ladislas Gallant
Director
FIM & Private Banking
Tel: +44 207 214 7147
Fax: +44 207 214 5655
email: [email protected]
Nadjima Hannoucene
Senior Associate
Financing & DCM
Tel: +44 207 214 7147
Fax: +44 207 214 5655
email: [email protected]
Pictures: Bahrain World Trade Center, dreamstime.com, istock.com
Crédit Agricole Global Islamic Banking
PO Box 5410
Addax Tower, 13th Floor
Al Seef District, Manama
Kingdom of Bahrain
Tel. : + 973 17 562 700
[email protected]