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Pakistan: SC arranges $35mln Islamic finance facility PIA

Posted on 08 August 2012

Standard Chartered arranged a one year USD 35 million Islamic Structured Trade Finance facility for Pakistan International Airlines (PIA). The Bank was the Sole Arranger and Structuring Bank for this transaction.
The facility is structured as an offshore transaction under an Islamic mode which uses an innovative Services Ijara concept based on purchase and distribution of airline seats………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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