Clifford Chance advises Islamic Development Bank on 2009 update of its $1.5bn sukuk trust certificate issuance programme

Notes and media contacts

1. Capital Markets practice: The capital markets practice comprises over 422 partners and lawyers who concentrate on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres.

The combination of local knowledge with an international perspective enables us to provide practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.

Consistently ranked as the 'best legal practice for securitisation' by key commentators, the Clifford Chance International Securitisation Group is at the forefront of the securitisation markets across the world. The Group advises most of the leading market participants and provides an in-depth knowledge of complex issues relating to the securitisation of a broad spectrum of assets.

Our clients include issuers, originators, arrangers, managers, investors and other finance providers, trustees, rating agencies, monoline insurers and swap counterparties from a variety of industries including energy, transport, infrastructure projects, and real estate.

2. Islamic finance practice: As a leader in the growing Islamic finance field, in the past year Clifford Chance has closed more than US$42 billion worth of transactions - groundbreaking deals that have provided innovative Shari'a compliant structures for clients in markets across the world. Clifford Chance was named as "Best Islamic Legal Advisory Firm" in the Euromoney Islamic Finance Awards for 2008 and 2009, and is consistently recognised as a leading Islamic finance practice by Chambers Global.

Members of our Islamic finance team, located in London, Dubai, Abu Dhabi, New York, Singapore, Hong Kong, Paris and elsewhere in our international network of offices, have extensive expertise and experience in both Islamic finance and conventional finance and are at the forefront of innovation as Islamic financing techniques and products evolve.

4. Clifford Chance is one of the world's leading law firms, helping clients achieve their goals by combining the highest global standards with local expertise. The Firm has unrivalled scale and depth of legal resources across the four key markets of the Americas, Asia, Europe and the Middle East, and focuses on the core areas of commercial activity: capital markets; corporate and M&A; finance and banking; real estate; tax; pensions and employment; litigation and dispute resolution. Clifford Chance has 29 offices in 20 countries with some 3,600 legal advisers. The Firm also operates a 'best friends' arrangement with AZB & Partners in India and with Lakatos, Köves & Partners in Hungary, and a co-operation agreement with Al-Jadaan & Partners Law Firm in Saudi Arabia.

5. Clifford Chance was ranked 'tier one' in more international tables than any other firm in the Chambers Global 2009 Directory. This independent analysis focuses on firms' legal ability, professional conduct, client service, and commercial awareness, and these rankings provide outstanding recognition for the Firm's breadth of expertise and consistency of quality across global markets.

6. Clifford Chance was named 'Most Innovative Law Firm' in the 2008 Financial Times Innovative Lawyers Awards, an in-depth Europe-wide analysis of innovation in law firms in areas from legal expertise to client service, marketing, environment and technology.

For further information about Clifford Chance see http://www.cliffordchance.com

For further information about this release contact:

Melanie Carruthers
Clifford Chance
Tel: +971 (0)4 362 0623

Antonio Henriquez
Clifford Chance
Tel: +34 91 590 7500