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Islamic lenders take advantage of falling costs

Posted on 06 August 2012

Islamic syndicated lending in Europe, the Middle East and Africa rose to a four-year high in 2012 as companies from Dubai’s DIFC Investments LLC to Saudi Arabia’s Etihad Etisalat take advantage of falling borrowing costs.
Shariah-compliant transactions have climbed to $8.37 billion (Dh30.74 billion) this year, led by Etihad Etisalat’s 10 billion-riyal ($2.67 billion) deal in February, according to data compiled by Bloomberg. State-controlled DIFC Investments raised $1.04 billion to help settle a $1.25 billion Islamic bond………………………………………..Full Article: Source

 
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