Post by alanbond on Feb 15, 2015 10:42:46 GMT 4
UAE-based Ajman Bank has signed a $200 million sharia-complaint syndicated finance facility to support its banking activities.
The consortium of banks was led by Islamic bank Al Hilal Bank and was advised by global law firm Dentons, said a statement.
The dual tranche facility comprised Murabaha and Wakala structures for which the participants were regional Islamic banks, Al Hilal Bank , Emirates Islamic Bank, Sharjah Islamic Bank and Qatar Islamic Bank, it said.
The consortium of banks was led by Islamic bank Al Hilal Bank and was advised by global law firm Dentons, said a statement.
The dual tranche facility comprised Murabaha and Wakala structures for which the participants were regional Islamic banks, Al Hilal Bank , Emirates Islamic Bank, Sharjah Islamic Bank and Qatar Islamic Bank, it said.