Wednesday 4 May 2016

First Energy inks $34m facility with Dutch firm

First Energy Bank (FEB), a Bahrain-based Islamic investment bank, has signed a 25-million-euro ($34 million) Murabaha facility with the Netherlands-based Kore Coal Finance, a subsidiary of Sapinda Holding. The financing will assis


Al Baraka Turk planning $200m sukuk

Bahraini lender Al Baraka Bank's Turkish unit is working on the issue of a $200 million, 10-year subordinated sukuk, Al Baraka Turk general manager Fahrettin Yahsi told Reuters on Wednesday. Yahsi said the sukuk would be issue


Qtel agrees $500m debut Islamic finance deal

Qatar Telecom (Qtel), one of the region's largest telecoms firms, has signed its debut Islamic financing facility worth $500 million, the operator said on Tuesday. The deal, which runs for 18 months and is structured as a revo


Al Baraka Turk plans $250m Islamic loan

The Turkish subsidiary of Bahraini Islamic lender Al Baraka has mandated banks for a $250 million sharia-compliant facility, the chief executive of the parent company said on Sunday. 'We'll be signing it on September 15,' Adnan

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