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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Bahrain’s Unicorn repays $125 mln Murabaha facility

Posted on 04 February 2011

From Reuters: Bahrain’s Unicorn Investment Bank has repaid a $125 million three-year syndicated commodity murabaha facility, it said on Thursday. The facility was arranged by Dubai Bank and Raiffeisen Zentralbank Osterreich AG (RZB) in January 2008 and was due on Januray 27, Unicorn said.
“The repayment has contributed to the reduction of Unicorn’s liabilities from over US$600 million in 2009 to minimal levels currently,” Ikbal Daredia, acting chief executive, said……………………………………….Full Article: Source

 
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