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Islamic Finance Briefing - Categorized | Banking, Finance more

Fund pact for purchase of taxis

Posted on 09 January 2012

The Qatar Islamic Bank (QIB) has announced a project financing agreement with Al Million Services Trading and Contracting Company to fund its purchase and operation of 500 new taxis.

The financing will be implemented according to the Islamic finance methods of Murabaha, Wikala, and Istisnaa. QIB is the largest Islamic bank in Qatar and one of the top-five Shariah-compliant banks in the world………………………………………Full Article: Source

 
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