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Amlak redeems $27m from Mudaraba instrumentAmlak Finance, a leading specialised real estate financier in the Middle East, said it has redeemed an additional Dh100 million ($27.2 million) of a Mudaraba instrument worth Dh1.3 billion ($353 million) as part of its restructuring plan. More… |
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IDB, ITFC in $1bn Mudaraba dealThe Islamic Development Bank (IDB) has signed a Mudaraba agreement with the newly-formed International Islamic Trade Finance Corporation (ITFC). The move is aimed at establishing a $1-billion fund, by which the ITFC will act as Mudareb (ma More… |
