SriLankan Airlines signed a $175 million sharia-compliant loan, a statement from one of the arranging banks said on Sunday, the first time the carrier has borrowed from the international syndicated loan market.
The state-owned airline completed the four-year facility with Abu Dhabi Islamic Bank, Abu Dhabi’s Al Hilal Bank, Mashreq Bank, Dubai’s Noor Islamic Bank and United Bank Limited, a statement from Mashreq’s Islamic arm said………………………………………..Full Article: Source