Soemadipradja & Taher is proud to announce that it has received the Islamic Finance News (IFN) Indonesia Deal of the Year 2024 award for advising PT Bank Syariah Indonesia Tbk on a sharia-compliant financing instrument Ijarah Muntahiyah Bi Tamlik (IMBT) valued at US$47,000,000 for PT Pertamina International Shipping. This prestigious award is highly recognised by the global Islamic capital market and marks a significant contribution in developing Islamic finance.

Led by Partner Retno Muljosantoso and supported by Associates Sahda Edgina Nahdah and Indira Nurul Anjani, S&T acted as legal counsel for PT Bank Syariah Indonesia Tbk as a lender for this financing instrument for vessel financing.

We are honoured to have played a role in this significant transaction and appreciate the trust placed in us by PT Bank Syariah Indonesia Tbk and PT Pertamina International Shipping.

Above all, we express our gratitude to Islamic Finance News for this recognition.