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Emirates Steel finalizes $400m refinancingEmirates Steel, a leading integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat), has finalized a $400 million loan refinancing deal. The deal will enable the company to accelerate deleverag More… |
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Nasdaq Dubai sees $100bn in Islamic finance dealsTransactions on the Nasdaq Dubai Murabaha Platform for Islamic financing have exceeded a total of $100 billion, reflecting its popularity with corporate and individual users. Established jointly by Nasdaq Dubai and Emirates Islami More… |
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QInvest completes US murabaha transactionQInvest, a leading private investment group in Qatar, has announced the exit of a real estate mezzanine murabaha transaction in the US. The transaction, backed by a diversified portfolio of 17 assets, generated an IRR of 14.9 per More… |
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Tawseah marks signing of $515m financingBahrain National Gas Expansion Company (Tawseah), which owns and operates one of the two associated gas processing facilities in Bahrain, recently announced the successful signing of $515 million, eight-year syndicated financing facility. More… |
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AlBaraka Turk closes two financing dealsAlBaraka Türk Katılım Bankası has closed a $278 million and EUR154.5 million ($174.4 million) dual tranche syndicated murabaha financing facility. Bank ABC Islamic, Barwa Bank QSC, Emirates NBD Capital, Kuwait International B More… |
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$350m financing success for Turkish bankTurkey's Kuveyt Turk Katilim Bankasi has successfully closed a $350 million equivalent syndicated dual currency dual tranche murabaha financing facility. ABC Islamic Bank, Abu Dhabi Commercial Bank, Barwa Bank, Emirates NBD Ca More… |
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Bahrain Bourse appoints sharia adviserThe launch of "Murabaha" through equities programme by the Bahrain Bourse (BHB) has moved closer to implementation with the exchange appointing Dr Shaikh Osama Mohammed Bahar as its sharia adviser. Shaikh Osama has devel More… |
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Wakala new alternative to Murabaha dealsIslamic interbank lending is now starting to move away from Murabaha contracts to Wakala, which is seen as a stronger Sharia-compliant process, said report. The International Islamic Financial Market (IIFM), the global standardisa More… |
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Warba Bank launches ‘Murabaha’ serviceRecently opened Islamic bank in Kuwait, Warba Bank, has launched its ‘Murabaha’ service to finance customers’ needs with entire flexibility via basic monthly installments. The new service, which is compliant with More… |
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BBK, BMI Bank in $48m financing dealBBK along with BMI Bank, through its Islamic banking division, has signed an agreement to provide a syndicated Murabaha BD18 million ($47.8 million) financing facility for Bahrain-based Arabian Sugar Company. As part of the agreement, BBK More… |
