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

Albaraka Türk secures $350 mln dual currency syndicated Murabaha

Posted on 26 September 2011

ABC Islamic Bank, Emirates NBD, Noor Islamic Bank and Standard Chartered Bank (together the initial Mandated Lead Arrangers and Bookrunners) announce the successful closure and signing of a $350 milion equivalent Dual-Currency Syndicated Murabaha Financing Facility for Albaraka Türk Katilim Bankasi.
Launched at $150 million, the Facility was oversubscribed to close at $350 million with participation from 25 banks from across the globe. It is the largest Islamic Structured Murabaha Syndicated Financing ever raised by any Turkish financial institution to date……………………………………….Full Article: Source

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