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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Masraf Al Rayan-QDB MoU to help SMEs

Posted on 10 February 2011

From Thepeninsulaqatar.com: Masraf Al Rayan (MAR) –one of the leading Islamic banks in Qatar – signed a MoU with Qatar Development Bank (QDB) to offer Al Dhameen indirect finance facility targeting the Small and Medium-sized Enterprises (SMEs) in the country.
The Al Dhameen indirect facility programme by QDB, now offered by MAR, helps economically-viable SMEs overcome financial barriers without the lack of collaterals required by commercial banks. The agreement was signed by Adel Mustafawi, Group CEO- Masraf Al Rayan, and Mansoor bin Ibrahim Al Mahmoud, CEO of QDB……………………………………….Full Article: Source

 
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