With clients active in banking, the stock exchange, and investment work, the team at Liaquat Merchant Associates routinely advises on regulatory compliance, capital-raising instruments, and Sharia-compliant structures. The group regularly advises the Pakistan Stock Exchange, alongside clients in the banking sector. Faresa Jafarey Ahsan leads the team, providing experience in mutual funds and Islamic finance. Hira Ahmad plays a key role in the team; she is noted as lead counsel on flagship mandates.
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Key clients
- Pakistan Stock Exchange Limited
- Wafi Petroleum
- Asyad Holdings
- Bank AL Habib Limited
- Pak Brunei Investment Company Limited
- HBL Asset Management Limited
- Standard Chartered Bank
Work highlights
Advised Pakistan Stock Exchange on introducing Sharia-compliant day trading for shares on the Islamic Index, including a legal opinion on the concept of ‘constructive possession’ to align with Islamic finance principles.
Assisted Bank AL Habib with reviewing its forward contract documentation for conventional banking and to ensure that the undertakings drafted and reviewed are compliant with Shariah principles to secure any risks for the Bank.
Advising Wafi Petroleum on the acquisition of Shell Pakistan Limited.
Practice head
Faresa Jafarey Ahsan
Other key lawyers
Hira Ahmad