Saturday 3 December 2016
 
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Murahaba

Murabaha Finance plans expansion with SRB

Murabaha Finance, a top financing company in Saudi Arabia, has entered into an agreement with Shariyah Review Bureau (SRB), under which SRB will be the exclusive Sharia Advisor and Sharia Auditor for its financing products and operationa

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Nogaholding marks signing of $570m finance facility

Nogaholding, the business development arm of Bahrain’s National Oil and Gas Authority (Noga), hosted a dinner last evening to commemorate the successful signing of the $570 million murabaha finance facility.   The event

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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

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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

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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

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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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