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

Emirates arranges $517mln in Islamic debt

Posted on 08 June 2012

Emirates, the world’s largest airline by international traffic, raised Dh1.9 billion ($517 million) from an Islamic facility for the purchase of three aircraft.
The carrier completed the 12-year loan to buy planes including Boeing’s 777-300ERs and Airbus SAS’s A380 with Dubai Islamic Bank, Al Hilal Bank and Ajman Bank, it confirmed on Thursday in an e-mailed statement. The two Boeing planes were delivered in February and May, said the company………………………………………..Full Article: Source

 
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