Innovations in Islamic Finance 2015: IIFIm/Gavi

The immunization sukuk $500 million

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Advisers: Barwa, CIMB, NBAD, NCB, Stanchart; Allen & Overy, Slaughter and May 

Backers of Islamic finance often try to argue that Shariah compliance contributes to a broader social good. That’s not always an easy claim to make, but this deal showed Islamic finance contributing in a useful way.

The International Finance Facility for Immunisation (IFFIm) is a multilateral created to provide predictable and...