People
Profile
    Zarrar is a member of the Commercial and Banking and Islamic Finance Teams at AMJ. He has a broad range of experience in corporate and M&A, commercial, banking and Islamic finance. Zarrar has acted for clients in a number of high-profile and complex M&A deals and financial transactions in Oman. He routinely advises lenders and borrowers in financing transactions with a focus on Islamic financing structures.  Zarrar was ranked as a ‘Rising Star’ in Oman by IFLR 1000 (2023-2024) and Legal 500 (2023). He is also “recommended for Islamic banking mandates” by Legal 500 (2023). Other client testimonials include: IFLR 1000 (2023-2024): A rising star. Extremely clear communication of complex issues and highly responsive.”;  “Very knowledgeable and detail-oriented with an optimistic attitude.” “Knowledgeable, good turnaround time, meticulous, friendly and optimistic.”;  Legal 500 (2023) “Zarrar Mir has a good understanding of Islamic banking and finance, provides fast turn around times. Very approachable and solution orientated.” IFLR 1000 (2021-2022): "Polite. Good knowledge. Good response time."
Highlights
  • HSBC Oman SAOG in its merger with Sohar International Bank SAOG;
  • on the Manah Solar I IPP Project;
  • Ahli Bank SAOG on behalf of a syndicate of lenders on the financing (conventional and Islamic) of a project to construct a greenfield titanium slag and pig iron plant in the Sohar Free Zone;
  • a syndicate of banks on an OMR 37 million conventional and Islamic (funded and unfunded) finance facilities to Towell Infrastructure Projects Company for developing a water distribution project in Mudhaibi, Oman;
  • ASYAD Group on OMR 115 million conventional and Islamic facilities from a syndicate of lenders;
  • Nama Holdings Group in the restructuring of business and assets of Rural Areas Electricity Company and their transfer to other DISCOs;
  • routinely Bank Muscat (Meethaq) in connection with various Islamic finance facilities based on Musharaka, Ijara, Wakala and Murabaha structures;
  • BNP Paribas and other lenders on the portfolio financing of 11 aircraft for Keystone Holdings (Global) Pte. Ltd.;
  • Sohar Steel LLC on the conventional and Islamic finance facility, for repayment of its existing indebtedness with National Bank of Oman SAOG;
  • Jindal Shadeed Iron & Steel LLC with respect to the term loan facilities of USD 450M and USD 50M to be availed from Bank Muscat SAOG for refinancing their debt;
  • SMBC Aviation Capital Limited on the leasing of two A321neo Aircraft to Salam Air S.A.O.C.;
  • Sun Country, Inc. as the Lessor on the leasing of five 737-900ER Aircrafts to Oman Air SAOC;
  • Khimji Ramdas Group in the sale of Khimji Paints LLC to the Hempel Group;
  • HSBC Bank Middle East on the setting up of a branch in Oman;
  • Myco Technology Inc. in a joint venture with the Oman Investment Authority to set up food manufacturing facilities in Oman;
  • Arab Bank Plc in the takeover of Alizz Islamic Bank by Oman Arab Bank.
Recent Publications
  • Islamic Finance and Markets Law Review 7th Edition (Oman Chapter) The Law Reviews
  • Banking Regulation 2024 (Oman: Law & Practice) – Chambers Global Practice Guides
  • Islamic Finance Regulatory Framework – Islamic Finance News (IFN)
  • Rules for Sharia Compliant Crowdfunding – Islamic Finance News (IFN)
  • Rules for Sharia Compliant Crowdfunding – Islamic Finance News (IFN)
  • Natural Gas Production in Oman – Islamic Finance News (IFN)
  • Construction and projects in Oman – UK Practical Law, Country Q&A 2020
  • Can you really limit liability in contracts? – Lexis Nexis Middle East, Practice Note (Oman)
  • Merger Control – Lexis Nexis Middle East, Practice Note (Oman)
  • Islamic Finance Continues to Grow in Oman – Islamic Finance News (IFN)
  • Considering Islamic Private Equity Funds – Islamic Finance News (IFN)
  • Islamic Finance Disputes – Islamic Finance News (IFN)
Admissions
  • Member, Lincoln’s Inn
  • Advocate High Courts, Pakistan
Education
  • Bar Professional Training Course (PGDL), University of Law (2014)
  • LLB (Hons) (University of London International Programme) (2013)
Languages
  • English
  • Urdu

Zarrar Mir

Senior Associate

Muscat

+ 968 2481 4466
+ 968 2481 2256

Practice Area

Banking & Islamic Finance
Corporate and Commercial