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

Gulf Finance House restructures $45mln debt

Posted on 17 July 2012

Bahrain-based Islamic investment bank Gulf Finance House (GFH) said on Monday it has restructured $45 million in debt which it will pay back over the next six years.
The cash is part of a $100 million wakala-structured facility, compliant with Islamic law, that is led by the Bahrain-based Liquidity Management Centre (LMC), GFH said in a statement……………………………………….Full Article: Source

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