Elias Moubarak

Partner

Elias is a Partner in Trowers & Hamlins' International Banking and Finance department.

Elias has a broad range of experience both in the conventional and Islamic finance spheres. He has significant experience in representing the full spectrum of stakeholders on a range of banking and finance transactions including project financings and real estate financings as well as capital market issuances. He is highly regarded as a leading player in the Islamic Finance industry and regularly speaks at events and offers thought leadership through a variety of publications and media. He is a leading partner in the team that won the IFN capital markets firm of the year award in 2016 and was cited in Legal 500 2017 as a 'notable practitioner' that has ‘excellent technical knowledge and a willingness to go the extra mile’." He was recognised by Acritas as a star lawyer due to nominations and recommendations by his clients and is cited as a 'Commended External Counsel' by the Inhouse Community Magazine 2022. He is also cited as being a "Highly Regarded" practitioner by IFLR.  

OUR CASE STUDIES

Elias's work for their clients

  • Pioneering Oman's first hybrid Ijara-Wakala Sukuk

    We acted as sole transaction counsel to Energy Development Oman (EDO) on its landmark Sukuk programme and inaugural issuance, designing a first-of-its-kind hybrid Ijara-Wakala structure for Oman. Our cross-border team combined Islamic finance, capital markets and regulatory expertise to deliver an innovative structure supporting EDO's strategic funding ambitions.

    • $2.6bn USDSukuk issuance programme
    • $130m USDInaugural Sukuk issuance
    Pioneering Oman's first hybrid Ijara-Wakala Sukuk
    Pioneering Oman's first hybrid Ijara-Wakala Sukuk
    "Trowers & Hamlins played an important role - together with the EDO and NBO teams - by designing an innovative Sukuk structure that supported investor receptivity, and by preparing a high-quality disclosure document."
    Sultan al Mamari
    CFO, Energy Development Oman

Knowledge Hub

Elias's latest insights

Insights
28 September 2026 | Author: Debopam Dutta, Elias Moubarak & Nicole Stewart

UAE Central Bank raises the bar on operational risk: what financial institutions need to know

The Central Bank of the UAE (CBUAE) issued Circular No. 1/2026 on 3 February 2026, introducing a new Operational Risk Management Regulation (the Regulation) which replaces the Operational Risk Regulation and Operational Risk Standards that have been in force since August 2018. The Regulation took effect on 14 September 2026.

Case Studies
07 October 2026 | Energy Development Oman

Pioneering Oman's first hybrid Ijara-Wakala Sukuk

We acted as sole transaction counsel to Energy Development Oman (EDO) on its landmark Sukuk programme and inaugural issuance, designing a first-of-its-kind hybrid Ijara-Wakala structure for Oman. Our cross-border team combined Islamic finance, capital markets and regulatory expertise to deliver an innovative structure supporting EDO's strategic funding ambitions.

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