Mr Megat Hizaini Hassan > Lee Hishammuddin Allen & Gledhill > Kuala Lumpur, Malaysia > Lawyer Profile

Lee Hishammuddin Allen & Gledhill
LEVEL 6, MENARA 1 DUTAMAS, SOLARIS DUTAMAS
NO. 1, JALAN DUTAMAS 1
50480 KUALA LUMPUR
Malaysia
Megat Hizaini Hassan photo

Work Department

Corporate

Position

Partner (Islamic Finance, Financial Services).

Career

The resident authority on Islamic finance who leads on the majority of its Sukuk mandates

Noted by market commentators for his extensive focus on Islamic finance, Megat has been recognised as one of the leading lawyers in his area of practice, through publications such as the International Financial Law Review’s Guide to the World’s Leading Islamic Finance Lawyers and Expert Guides, Legal 500, Chambers Asia as well as Islamic Finance News’ Leading Lawyers Directory.

He frequently advises financial institutions on complex Sukuk structures and is particularly well-versed in advising on banking regulatory matters relating to Shari’a-compliant products. He covers a wide range of structures, including Murabahah and Ijarah transactions. He is especially active in assisting banks with debt restructuring issues. Clients have noted his “knowledge and experience in applying Shariah concepts are indeed valuable”.

He sits as a member of the Shariah Advisory Body for both Syarikat Takaful Malaysia Keluarga Berhad (“STMKB”), a Bursa Malaysia-listed company that deals with family takaful (Islamic insurance), and Syarikat Takaful Malaysia Am Berhad (an STMKB subsidiary company that deals with general takaful). He has also been appointed as a Shariah committee member for Mizuho Bank (Malaysia) Berhad effective May 2021. Megat advises clients on issues pertaining to the legal and regulatory framework, as well as matters relating to applicable Shariah standards for Islamic financial or investment transactions.

Megat was recently ranked “Band 3” in Banking & Finance as well as on the “Spotlight Table” for Islamic Finance by Chambers Asia-Pacific 2023. He was also recognised as a “Leading Individual” for both Islamic Finance and Capital Markets practices on The Legal 500 Asia Pacific 2023 rankings. In 2022, he was noted as one of Malaysia’s Top 100 lawyers in The A-List by the Asia Business Law Journal. He was also recently ranked as “Highly Regarded” in the IFLR1000 2023/2024 lawyer rankings.

Languages

English, Malay, Arabic

Education

LLM (Law), University of Cambridge
LLM (Law), Harvard University
LLB (Hons), International Islamic University of Malaysia (IIUM)
Advocate & Solicitor of the High Court of Malaya

Lawyer Rankings

Malaysia > Capital markets

(Leading individuals)

Megat Hizaini Hassan Lee Hishammuddin Allen & Gledhill

The capital markets offering at Lee Hishammuddin Allen & Gledhill is spearheaded by Tay Weng Hwee, who draws strength from his experience in regularly handling cross-border transactions. The firm’s activity covers a wide range of transactional work for both local and international clients, showcasing expertise in equity and debt capital markets, structured finance, and regulatory matters. Megat Hizaini Hassan specialises in Islamic finance and leads much of the department’s Sukuk mandates, while Bella Chu Chai Yee is frequently involved in IPO formations and equity-related deals.

Malaysia > Islamic finance

(Leading individuals)

Megat Hizaini HassanLee Hishammuddin Allen & Gledhill

Lee Hishammuddin Allen & Gledhill’s Islamic finance team has a stellar reputation and is led by Tay Weng Hwee, who advises on various legal documentation and issues regarding Islamic banking facilities. Counting major lenders, borrowers, and financial institutions amongst its key roster of clients, the department advises on Shariah-compliant financing, Malaysian and foreign currency-denominated transactions, and has recently extended its expertise to include working on Shariah fintech financing products. Megat Hizaini Hassan’s presence bolsters the strength of the team, thanks to his expertise on Sukuk mandates, Murabahah and Ijarah transactions, and Islamic investment work.

Malaysia > Banking and finance

The practice at Lee Hishammuddin Allen & Gledhill includes advising on regulatory work, Islamic finance, the restructuring of debt facilities, and liability management. The firm has impressive relationships with an array of local and international banks, such as AFFIN Islamic Bank Berhad, and delivers advice to Malaysian lending companies regarding Shariah-compliant auto-service financing. Tay Weng Hwee heads the team and is experienced in transactional work, where he recently acted for Sabah Credit Corporation in relation to the proposed variation of negative covenants in its Sukuk Musharakah programme. Megat Hizaini Hassan is heavily involved in the firm’s Murabahah transactions and remains at the forefront of the Islamic finance segment, while Bella Chu Chai Yee continues to advise on real estate, corporate, and financial restructuring deals.