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Islamic Finance Briefing - Categorized | Banking, Market Moves more

BLME signs first Islamic banking deal in UK renewable energy sector

Posted on 21 February 2012

Bank of London and The Middle East (BLME) has signed a £14 million leasing deal with Global Marine Systems, the largest independent provider of submarine cable installation, maintenance and engineering services worldwide.
Under the terms of the agreement, BLME will support Global Marine in the purchase and refit of an offshore power cable installation barge. Once completed, the barge will be uniquely suited for the installation of a full range of subsea power cables………………………………………..Full Article: Source

 
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