Ms Ashela Ramaya > Zul Rafique & Partners > Kuala Lumpur, Malaysia > Lawyer Profile

Zul Rafique & Partners
D3-3-8 SOLARIS DUTAMAS
NO 1 JALAN DUTAMAS 1
50480 KUALA LUMPUR
Malaysia
Ashela Ramaya photo

Work Department

Banking & Finance, Islamic Finance and Capital Markets

Position

Ashela Ramaya is a partner in the Banking & Finance practice group.

Ashela specialises in corporate and investment banking, capital market financing, syndications, Islamic financing, structured finance, project finance as well as cross-border transactions.

Ashela has worked on multiple award winning deals including the Sukuk programmes of up to MYR5.65 billion established by a subsidiary of Permodalan Nasional Berhad which was partly structured as the first ASEAN Green Sukuk to fund the proposed integrated development in the historic Stadium Merdeka and Stadium Negara enclave which won the Debt Market Deal of the Year (Premium) 2018 by Asian Legal Business (ALB) Malaysia Law Awards and the Sukuk Mudharabah Facility of up to MYR650.0 million established by N.U.R. Power Sdn Bhd which was a winner of the Restructuring Deal of the Year Award by Islamic Finance News.

She has advised in relation to a multi trade financing facility of up to RM55.0 million based on various Shariah principles granted to a subsidiary of a listed company. This transaction won the firm the Trade Finance Law Firm of the Year by Islamic Finance News.

She has also worked on a syndicated secured loan facility of up to MYR2.15 Billion, for the development of the “Lifestyle Quarter” at the Tun Razak Exchange (TRX) in Kuala Lumpur.

Career

Ashela was admitted as an Advocate & Solicitor of the High Court of Malaya in 1999.

She joined ZUL RAFIQUE & partners as an associate in the Banking & Finance practice group in 2004.

Previously, Ashela was a senior legal advisor in a leading financial institution, wherein she had advised on the legal aspects of corporate and financing transactions and operations undertaken by the bank.

Languages

English and Bahasa Malaysia

Memberships

Malaysian Bar

Education

Ashela graduated with a Bachelor of Laws from the University of London.

Lawyer Rankings

Malaysia > Capital markets

Capital markets issues at Zul Rafique & Partners are handled by the firm’s banking and finance Group. Counting Bahrain Mumtalakat and Allied Irish Bank as recent client wins, it is also known for its work on behalf of HSBC, Bank of China and Standard Chartered. It covers: Islamic financing, cross-border lending, issuance of debt instruments, offshore syndication and asset-backed securitisation. A recent standout case is its role in advising CIMB Investment Bank on a medium term notes programme granted to Semangkuk 2. This high value deal involved the acquisition of industrial warehouses and logistic properties in Malaysia. Recommended lawyers: Loh Mei Mei, Kung Suan Im, Ashela Ramaya, Chan Kwan Hoe and Celine Rangithan.

Malaysia > Islamic finance

Headed by Loh Mei Mei, the Islamic finance team at Zul Rafique & Partners assists clients with a broad range of Sharia principles. Specifically, this includes: Musyarakah, Mudharaba, Murabaha, Istisna, Wakalah, Musawamah and Ijarah matters. A notable recent case concerns the firm’s work for Maybank and United Overseas on an unrated medium term notes programme (up to RM682.5 Million). The firm also includes corporate banking specialist Kung Suan Im, debt capital market expert Celine Rangithan and Sukuk practitioners Ashela Ramaya and Chan Kwan Hoe.

Malaysia > Banking and finance

Five partners direct the banking and finance offering at Zul Rafique & Partners: Loh Mei Mei, Kung Suan Im, Ashela Ramaya, Chan Kwan Hoe and Celine Rangithan. Described as: ‘very well versed in finance transactions’, it holds Bank of China, HSBC Group and Cathay United as key clients. Matters handled include: Islamic financing, offshore lending, international issuance of debt instruments, domestic syndication, asset-backed securitisation and project financing. A characteristic highlight is the firm’s work for Genting Malaysia on a Senior Secured Bridge Term Loan Facility of USD350 million.