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Islamic Finance Briefing - Categorized | Banking, Finance more

Bahrain bank signs $20mln finance deal

Posted on 12 July 2011

Bahrain-based AlBaraka Banking Group has signed a Murabaha facility of $20 million to finance foreign trade with the International Islamic Trade Finance (IITF). This facility will be implemented through AlBaraka Islamic Bank Bahrain.
AlBaraka Banking Group Chief Executive Adnan Ahmed Yousif said the deal comes within the framework of the memorandum of understanding signed with the IITF at the beginning of the year……………………………………….Full Article: Source

 
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