Zarrar Mir | Amjoman

People

Profile

Zarrar is a member of the Commercial and Banking and Islamic Finance Teams at AMJ. He has a broad range of experience in corporate and M&A, commercial, banking and Islamic finance. Zarrar has acted for clients in a number of high-profile and complex M&A deals and financial transactions in Oman. He routinely advises lenders and borrowers in financing transactions with a focus on Islamic financing structures.

Zarrar was ranked as a ‘Rising Star’ in Oman by IFLR 1000 (2023-2024) and Legal 500 (2023). He is also “recommended for Islamic banking mandates” by Legal 500 (2023). Other client testimonials include:

IFLR 1000 (2023-2024): “A rising star. Extremely clear communication of complex issues and highly responsive.”;

“Very knowledgeable and detail-oriented with an optimistic attitude.”

“Knowledgeable, good turnaround time, meticulous, friendly and optimistic.”;

Legal 500 (2023) “Zarrar Mir has a good understanding of Islamic banking and finance, provides fast turn around times. Very approachable and solution orientated.”

IFLR 1000 (2021-2022): “Polite. Good knowledge. Good response time.”

Highlights

HSBC Oman SAOG in its merger with Sohar International Bank SAOG;
on the Manah Solar I IPP Project;
Ahli Bank SAOG on behalf of a syndicate of lenders on the financing (conventional and Islamic) of a project to construct a greenfield titanium slag and pig iron plant in the Sohar Free Zone;
a syndicate of banks on an OMR 37 million conventional and Islamic (funded and unfunded) finance facilities to Towell Infrastructure Projects Company for developing a water distribution project in Mudhaibi, Oman;
ASYAD Group on OMR 115 million conventional and Islamic facilities from a syndicate of lenders;
Nama Holdings Group in the restructuring of business and assets of Rural Areas Electricity Company and their transfer to other DISCOs;
routinely Bank Muscat (Meethaq) in connection with various Islamic finance facilities based on Musharaka, Ijara, Wakala and Murabaha structures;
BNP Paribas and other lenders on the portfolio financing of 11 aircraft for Keystone Holdings (Global) Pte. Ltd.;
Sohar Steel LLC on the conventional and Islamic finance facility, for repayment of its existing indebtedness with National Bank of Oman SAOG;
Jindal Shadeed Iron & Steel LLC with respect to the term loan facilities of USD 450M and USD 50M to be availed from Bank Muscat SAOG for refinancing their debt;
SMBC Aviation Capital Limited on the leasing of two A321neo Aircraft to Salam Air S.A.O.C.;
Sun Country, Inc. as the Lessor on the leasing of five 737-900ER Aircrafts to Oman Air SAOC;
Khimji Ramdas Group in the sale of Khimji Paints LLC to the Hempel Group;
HSBC Bank Middle East on the setting up of a branch in Oman;
Myco Technology Inc. in a joint venture with the Oman Investment Authority to set up food manufacturing facilities in Oman;
Arab Bank Plc in the takeover of Alizz Islamic Bank by Oman Arab Bank.

Recent Publications

Islamic Finance and Markets Law Review 7th Edition (Oman Chapter) The Law Reviews
Banking Regulation 2024 (Oman: Law & Practice) – Chambers Global Practice Guides
Islamic Finance Regulatory Framework – Islamic Finance News (IFN)
Rules for Sharia Compliant Crowdfunding – Islamic Finance News (IFN)
Rules for Sharia Compliant Crowdfunding – Islamic Finance News (IFN)
Natural Gas Production in Oman – Islamic Finance News (IFN)
Construction and projects in Oman – UK Practical Law, Country Q&A 2020
Can you really limit liability in contracts? – Lexis Nexis Middle East, Practice Note (Oman)
Merger Control – Lexis Nexis Middle East, Practice Note (Oman)
Islamic Finance Continues to Grow in Oman – Islamic Finance News (IFN)
Considering Islamic Private Equity Funds – Islamic Finance News (IFN)
Islamic Finance Disputes – Islamic Finance News (IFN)

Admissions