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