Sunday 14 February 2016
 
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Islamic loan

Qatari developer Barwa inks $157m Islamic loan

Qatar's Barwa Real Estate has signed a $157.1-million sharia-compliant five-year loan, the developer said on Sunday. Barwa said it would use the money to refinance an existing Islamic financial liability but did not provide fu

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Qatari developer Ezdan closes $500m Islamic loan

Qatari real estate developer Ezdan Holding has raised $500 million through a sharia-compliant loan which will be used to fund its expansion plans, the main arranger of the deal said on Monday. Dubai-based Mashreq's Islamic arm

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Saudi developer seals $2bn Islamic loan deal

Saudi Arabia's Jabal Omar has signed an SR8-billion ($2.13 billion) Islamic loan to help fund a project in Makkah and repay a smaller bridge loan, the real estate developer said on Thursday. The company signed the 12-year loan

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IAFC to raise $400m sukuk for aircraft financing

International AirFinance Corporation (IAFC) has picked two banks to arrange a $400 million Islamic loan to finance the provision of five aircraft, one of the arrangers of the facility said on Sunday. National Bank of Abu Dhabi and

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Apicorp inks $950m Islamic loan to fund investments

Arab Petroleum Investments Corporation (Apicorp) has signed a two-part sharia-compliant facility worth $950 million that it will use to finance investments in regional energy projects, it said in a statement on Sunday. The bulk of

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Ooredoo seeks $500 million Islamic loan

Qatari telecoms firm Ooredoo has approached banks for a $500 million Islamic loan, banking sources said on Thursday. The company has asked lenders to provide pricing guidance for a one-, three- or five-year loan. &q

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Saudi Arabia's Marafiq signs $666m Islamic loan

Marafiq, a utility services provider to two industrial cities in Saudi Arabia, has signed a SR2.5-billion ($666.1 million) Islamic loan, which will partly be used to expand capacities in its existing projects, it said in a statement on Wednesday

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Saudi Arabia's Marafiq signs $666m Islamic loan

Marafiq, a utility services provider to two industrial cities in Saudi Arabia, has signed a SR2.5-billion ($666.1 million) Islamic loan, which will partly be used to expand capacities in its existing projects, it said in a statement on Wednesday

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Kuwait Zain signs $250m Islamic loan

Kuwait's Zain has secured a $250 million four-year Islamic loan from a syndicate of three Gulf banks, the telecommunications operator said on Wednesday. Zain, which operates in eight countries in the Middle East and Africa, ha

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Indian group secures $150m Islamic loan

Indian textile major Alok Industries said its overseas unit has successfully closed a $150 million syndicated Murabaha facility with Gulf lenders Noor Islamic Bank and Warba Bank. The facility marked the first such transaction tha

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