Husayn Reza


Husayn has over 12 years of international finance experience.

Husayn is one of the most experienced Islamic finance lawyers in the Asia-Pacific region, having been involved on landmark deals for sovereigns, state-owned entities and corporates in Asia-Pacific and the Middle East.

He represents issuers and underwriters across the Asia-Pacific region on a variety of debt and equity-linked capital markets transactions, including Rule 144A and Regulation S programmes/issuances, convertible and exchangeable bonds, regulatory capital issuances, covered bonds and project bonds. He has advised on complex bond restructurings, bespoke high yield issuances and bridge to bond instruments, along with various liability management exercises.

Husayn has extensive experience on a range of renewable energy project finance transactions, particularly in Pakistan. He has advised various independent power producers on the development and project financing of over 15 power projects, primarily in the renewable energy sector. Husayn was also involved in drafting industry standard templates for wind power concession documents in Pakistan.

Husayn is recognised for his wide coverage of products and jurisdictions, having acted on market leading transactions across Malaysia, Indonesia, Thailand, Singapore, Pakistan, Australia, Philippines, Hong Kong, India, Bangladesh and Brunei.

Husayn is a ranked lawyer in the ‘Spotlight Table’ by Chambers Asia Pacific 2023 and is ranked as a Rising Star in the IFLR Asia Pacific Awards. He is described by clients as “a very good lawyer with up-to-date market knowledge and the ability to provide good advice within stipulated timeframes" and that "he understands the complex nature of Islamic finance documentation".


Representative matters

The joint lead managers on the issuances of USD800m 10-year sustainability Sukuk due 2031 and USD500m 30-year Sukuk due 2051 by the Government of Malaysia. This transaction marked the world’s first sovereign U.S. dollar sustainability Sukuk and the first Sukuk issued by the Government of Malaysia since 2016.

The joint lead managers on the dual-tranche Sukuk offerings of USD400m five-year Sukuk and USD600m 10-year Sukuk issued by Khazanah Nasional Berhad through an SPV. This transaction represented the return of Malaysia’s sovereign wealth fund to the international US dollar Sukuk market, with its last US dollar Sukuk issuance in 2016.

The Republic of Indonesia on its USD3.25 bn global Sukuk issuance comprising of USD1.75 bn 5-year and USD 1.5 bn 10-year (Green) Reg S/144A Sukuk tranches, each of which were based on the Shariah principles of Wakala. The dual Sukuk offerings were listed on the Singapore Exchange Securities Trading Limited and NASDAQ Dubai. This marked the first ever higher Sharia authority approved Sukuk from an APAC issuer and the largest global sukuk ever issued by the Republic of Indonesia.

Hong Kong Special Administrative Region Government on its issue of standalone Reg S USD1bn trust certificates due 2027. This was the third sukuk issuance from Hong Kong, and formed part of the country’s efforts to stimulate the Islamic finance market.

Leadership Positions And Professional Affiliations

Admitted and enrolled as an advocate High Court on the roll of the Punjab Bar Council, Pakistan



Admitted as a Solicitor (England and Wales), 2020

Admitted as an Advocate, Punjab, Pakistan, 2013


Admitted as a Solicitor (England and Wales)

Admitted and enrolled as an advocate High Court on the roll of the Punjab Bar Council, Pakistan


English, Urdu (Pakistan)
Allen Overy Shearman Sterling LLP (practicing in the Emirate of Dubai as “Allen & Overy RLLP” pending the registration completion of the new name with the relevant UAE local authorities) is a limited liability partnership registered in England and Wales with registered number OC306763.
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.