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

Dubai to raise $800mln monetising Salik receipts

Posted on 08 April 2011

Dubai’s Department of Finance on Thursday said it would raise $800 million (Dh2.9 billion) by monetising road toll receipts and will use proceeds to fund infrastructure projects in the emirate.

A press statement said the dual currency, six-year financing, would support the Roads and Transport Authority’s infrastructure projects and was expected to have a conventional and Islamic tranche……………………………………..Full Article: Source

 
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