b'More to ComeSharia-compliant CDsWe advised on establishing several first-of-their-kind Sharia-compliant certificate of deposit program and subsequent issuances (Sharia CDs). The breadth and depth of our work with financial institutions gives us experience with virtually every type of product a financial institution might offer. We understand short-term funding, from commercial paper and asset-backed commercial paper to bank products, like CD programs; benchmark funding in the U.S., Euro and other markets; securitization and credit risk transfer transactions; and structured products. Sharia CDs are short-dated, wholesale-denominated funding instru-ments that are designed to provide banks efficient access to money mar-kets, while adhering to Sharia principles. Unlike conventional inter-est-bearing certificates of deposit, Sharia CDs evidence an investors undivided ownership interest in a pool of Sharia-compliant trust assets. Sharia CDs may be issued on a discounted or fixed-profit basis, in multiple currencies and with tenors ranging from one day to three years. Typically, these are issued under English law-governed master trust and murabaha frameworks and clear through Euroclear and Clearstream. This innova-tion helps Islamic banks manage liquidity with the same speed, scale and optionality available to conventional institutions. For investors, Sharia CDs offer short-duration, Sharia-compliant cash management exposure to high-quality assets, transparent profit mechanics and settle-ment through familiar market infrastructure. Our work included advising first-time issuers on combining Sharia structures with institutional-grade documentation, securing central bank regulatory approvals, and working closely with the Sharia boards of the obligors and the dealers on payment flows. Sharia CDs are gaining rapid traction. 6'