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

Bangladesh: StanChart signs $20mln musharaka deal with Incepta Pharma

Posted on 06 August 2012

Incepta Pharmaceuticals Ltd becomes the 1st Wholesale Banking Saadiq client for Standard Chartered Bangladesh. Abdul Muktadir, Managing Director, Incepta Phramaceuticals Ltd, Afaq Khan, CEO Islamic Banking of Standard Chartered Bank, Abrar A Anwar, Managing Director, Head of Origination and Client Coverage, Co-Head Wholesale Banking, Bangladesh and other senior officials were present to mark the occasion.
Standard Chartered Bank has provided a US $ 20 million Musharaka Islamic Finance facility as term finance for 5 years under it’s Saadiq platform to Incepta Pharma for their expansion projects. ……………………………………….Full Article: Source

 
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