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Emirates looks to Islamic finance

Posted on 10 November 2011

European lenders now ‘risk averse’ says Emirates as airline considers Islamic finance solutions to fund aircraft deliveries. Emirates’ President Tim Clark said, ““We were kind of planning for finance from European banks…but it’s just a bit difficult now.”
He told Reuters, “We still have the Islamic finance market to go with and other funding options are always open for us,” and noted that Sukuk issuance was ‘not out of the question’. Clark noted that liquidity issues in the international finance market were unlikely to improve in the short term. He said, “This won’t change for the next six to nine months.”……………………………………….Full Article: Source

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